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All Forum Posts by: Andy Kelly

Andy Kelly has started 4 posts and replied 13 times.

Mobile Home Park Investing

Post: MHP - How much do new mobile homes increase the MHP LAND value?

Andy KellyPosted
  • Bainbridge Island, WA
  • Posts 16
  • Votes 5

@JC K. @Edward B. - huge thanks to you guys for weighing in here. This community is so great because of folks like you. Thank you. 

0 Votes
Mobile Home Park Investing

Post: MHP - How much do new mobile homes increase the MHP LAND value?

Andy KellyPosted
  • Bainbridge Island, WA
  • Posts 16
  • Votes 5

HI All - I'm looking to understand how new mobile homes affect the land value of an MHP. Any thoughts would be hugely appreciated. 

Question - If you are the landowner of a MHP, what is the incremental value to the LAND if a new mobile home is placed on the land?

Example - A MHP has a land value of $1,000,000. It has 100 homes on the lot. 99 of them are brand new mobile homes and there is one mobile home that is a complete tear down. In your opinion, what is the LAND VALUE of the MHP if that single tear down gets replaced with a brand new Mobile home?

In other words, Does 1 new home increase the value of a 100 lot park by 1%? 0.5%? 2%? 

Thank you!

-Andy

0 Votes
Asheville NC Real Estate Forum

Post: Wholesaler in Asheville Area

Andy KellyPosted
  • Bainbridge Island, WA
  • Posts 16
  • Votes 5

Ray or JP - either of you guys find one? Would love to find one myself. Let me know. Also, heading to Asheville June 8/9 if you are around, would love to meet up. 

0 Votes
Asheville, North Carolina