I've found a property for sale for $49,000 with 4 mobile homes on it, all currently occupied. 2 tenants pay $475 a month, $350 from one and the other owns the home but rents the land for $200. Seems like a really g...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $80,000
Cash invested: $30,000
Purchased this 8 lot + 8 home park in November 2019 for $80,000
2 trailers wer...
Investment Info:
Mobile home commercial investment investment.
Purchase price: $8,000,000
Cash invested: $3,200,000
207 mobile home park units
Here are the details. 12 Unit mobile home park in Northern Georgia. Of the 12 units/pads - 2 are livable (rented @ $550/month), 5 need approx. $1k-$3k/unit in rehab and the remaining 5 pads are vacant. The asking pric...
Does anyone have an example mobile home park underwriting?I'm looking at a 16 unit park with 3 unoccupied units. $625k asking ($39k per lot). are there any heuristics out there? Types of insurance needed? Utilities co...
I'm looking at a 10 unit mobile home park. All lots are currently full and paying $250 lot rent. All mobiles are old single wides.
Owner pays water bill of $200-250 monthly. City water and sewer not sub-metered
Garb...
I am eyeing a 47-unit MHP here in SC. I'm seeking feedback on this deal, primarily is this a good deal and price? Details below:$700k**(I'm aiming for $625k)Seller Fi, with 20% down.Will finance for 25 years at 6%47...
Investment Info:
Mobile home commercial investment investment.
Purchase price: $8,000,000
Cash invested: $3,200,000
207 mobile home park units
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $750,000
Currently operating as a 9 unit mobile home park with single family home
What are your experiences in owning mobile home parks. What type of expenses do you incur and how quickly do you make your ROI considering you only rent out the land and don't own the mobile home itself.