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All Forum Posts by: Marc Robinson

Marc Robinson has started 1 posts and replied 2 times.

Mobile Home Park Investing

Post: Community input on a small mobile home park, distressed with high vacancy

Marc Robinson
Pro Member
Posted
  • Posts 2
  • Votes 0

Lot rent is $300/mo

2bed HUD rents are $870. Seems to be in line with market rates.

The septic is a 2 stage lagoon, on main well for entire park. Electric is metered separately from the utility. 

Water and sewer is included in the rent. 

I know lot rent was raised to the $300 in January 2024. Not sure on the trailers. 

I would guess there is some room to move up 


0 Votes
Saint Louis, Missouri
Mobile Home Park Investing

Post: Community input on a small mobile home park, distressed with high vacancy

Marc Robinson
Pro Member
Posted
  • Posts 2
  • Votes 0

I have an off market opportunity. 30 pad trailer park, only 19 trailers currently on-site 17 with MTM tenants. Rent roll was ~$8K last month. They are looking to get $500K for the park. 16 of the 19 trailers are park owned homes. 

Wondering about investing and then filling the park up to get to full occupancy. 

Any thoughts for a rookie investor would be appreciated. Wondering also if there are lenders that would have an appetite for this type of property?

0 Votes
Saint Louis, Missouri