$129K 7unit MHP - too good to be true?
This seems too good to be true, so it probably is. But as I am new to this and my MHP experience is limited, I'd like your opinions and help in asking the right questions to uncover the real facts, dirty details.
Here is what has been shared so far.
10 units three of which are slabs without trailers on them and 7 of the slabs have trailers (park owned). Potential to add 4 more slabs. Park potential of 14 units.
Currently water and sewer included in rent, collecting $550 per month per rented trailer.
Thoughts? Thank you in advance for sharing your experience!
Jason