Good morning, I have been looking at this property local to me in Tucson and to me, it looks like the numbers work out nicely. Could I get some other input? What do you think? What jumps out at you and what questions should I be asking before and during a conversation with a lender? Thank you.
11 mobile homes, 1 house, 1 commercial space. Class C I’m not a great part of town. MH rents between 350-450. Home rents 650. Commercial rents 850.
Actuals from 2018:
Gross rental income- 68,700
Total Expenses- 36,148
@Brian Ware hey Brian I'm one of the brokers on that property. If you want give me a call we can go over the numbers.
@Tylor Billings ok will do! I just sent you a contact request.
Are the mobile homes owned by the tenants or the park? Is the park water and sewer provided by public utilities or is it private well and septic?