I am looking at an opportunity in my local area where there is a multiple unit mobile home park for sale.

I am looking at an opportunity in my local area where there is a multiple unit mobile home park for sale.

Does anyone have experience and want to discuss puting inexpensive prefab/modular homes (not mobile homes) on vacant lots?

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

Build mobile home on the vacant lot I understand the cost involved for rehab the existing house.  

I look Monday through Friday at Facebook Marketplace, my MLS, KSL.com, and the Mobile Home Park Store. 

I just closed on a 23 unit mobile home park, almost all lot rentals.

RV parks, mobile home parks, house hack rentals and such are the way we are headed.  

Mobile homes are like baby chick eggs... easy to damage but also easy to repair. 

You could try selling it yourself and offer 3-4% to the buyer agent to see what you are paying for on the selling s300 is sky high for a notary fee unless its a mobile notary.. and even if it mobile that is about 50% higher than I