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Mobile Home Park Investing

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David Kirchhoff
  • Investor
  • Porter Corners, NY
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is this a good deal?

David Kirchhoff
  • Investor
  • Porter Corners, NY
Posted Jul 7 2015, 12:31

new to the site and mobile home investing and wondering if this is a good deal. 2 single wide mobile homes on separate lots. one 1.1 acres, the other 5.61 acres. I think I can pick up both for around $55k. current rents are $750 & $550. taxes are low and it's on its one well and septic. so no other monthly expenses to me other than taxes. kicker is one of these trailers is in rather rough shape and to bring I new one in Id need a variance and the maybe a new septic. thoughts?

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