Updated over 9 years ago on . Most recent reply
Another "does it seem like good deal"
110 spot on 15 acres 25 minutes from large city in Texas. 100 units owned by individuals. 10 units and office would be mine. 100% occupied. City services.
It is a little run down i.e. Roads need repaved, trees trimmed. Most MH are older but they seem to kept their area clean.
Owner hasn't released rent rolls yet.
Asking $2.8m.
What would rent need to be to make you want to be in?
I can't seem there being much room as is for a bump in rent.
Most Popular Reply
@El Madera the lot rent should be $310 based on the Frank & Dave (MH university) formula. 110*310*12*0.7*10=2.864m
However, it is very generic number.