Updated over 1 year ago on . Most recent reply
Storage vs. MHPs
I have the opportunity to expand a mobile home park I own or build storage units on the raw ground.
If I am looking at it as a direct comparison which would be a better play without getting lots in the weeds?
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Henry Clark
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Henry Clark
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Assuming your market is good for both? And you run your numbers.
Do you own the mobile homes or just rent the lots?
If you are just renting the lots, I would go with the MHP lots.
Storage building costs are really high right now. If your market for a 10x20 is $90 per month or less I wouldn’t do them.
If your storage rental rate is say $130 or higher I would do Selfstorage.