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Mobile Home Park Investing

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Will G.
  • Rental Property Investor
  • Maryville, Tn
414
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529
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How would you value this park

Will G.
  • Rental Property Investor
  • Maryville, Tn
Posted Feb 2 2018, 11:30

Hi all,

I wold love some feedback valuation on a small park i am considering;

9 spaces on 4.25 acres outside city limits, 

3 tenant owned homes with lot rent @ $160(below current market of $250)

3 park owned singlewide homes @$500

1 park owned doublewide@ $650

2 park owned singles that are vacant and terrible condition

Monthly gross is $2630 currently

Tenants pay water via seperate meters and on septic

Is there a standardized expense ratio for the lot only rents?

Thanks

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