Updated over 6 years ago on . Most recent reply
Mobile Home Park Deal Analysis
Any experienced MHP investors out there? I'm working through analyzing bigger deals and came across this one:
https://www.loopnet.com/Listing/Hopkins-SC/16714295/
To note, all but one of the homes appear to be owned by the lot so maintenance/repairs could vary wildly year to year and would require quite a bit of work. Other than that, the deal appears to net ~$250k/yr after expenses (not including prop mgmt I believe).
One thing I noticed, in 2017, expenses were ~$40k higher than 2018 and for 2019 (projected) due to "completely rehabbing several units"