Looking for advice on this property!

[Jack Justice]

There is a 14 unit mobile home park with 2 single family homes for sale a short distance from my house. Less than one mile to be exact. It has been for sale for some time and I just recently called and got the figures on it and would like opinions on it!

14 mobile home...$435-$500

2 Houses....$750/each

8 acres highway frontage only 1 mile from a major interstate exit and 2 miles from major town.

Asking price is $400,000.

All homes have individual septic tanks except for one house and two trailers, they are on one larger septic tank.

This is something very new to me and would love to hear from anyone with experience in this sort of investment.