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Updated about 6 years ago on . Most recent reply

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67
Posts
13
Votes
Carrie Collyer
  • Investor
  • Southeast/ Midwest states
13
Votes |
67
Posts

Wise to create new Mobile Home Park on 5 acres?

Carrie Collyer
  • Investor
  • Southeast/ Midwest states
Posted

Assuming the county zoning will allow a mobile home park, is it cost-prohibitive to start from scratch and build a park on 5 acres on a good highway outside of town?  Basic, nothing fancy. 12 x 70  > 16 x 80. Used homes. I hope to lease option them to buyers and allow owners to bring in decent homes. I appreciate your input!  Carrie

Most Popular Reply

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269
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165
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Joshua Diaz
  • Rental Property Investor
  • Bronx, NY
165
Votes |
269
Posts
Joshua Diaz
  • Rental Property Investor
  • Bronx, NY
Replied

While it is not impossible to create a new park, podcasts and books I’ve read in general all point to the problem of how expensive it really is to create a new mobile home park from scratch.  You have to count for the costs of building the pads, the cost of hooking up utilities, costs of either building a well or connecting to city lines, costs of building a septic tank or connecting to city lines,  the phase 1 survey to make sure the land is not contaminated, not to mention all the fees I probably don’t even know about to maleness it ok with the city.

Not meant to scare you or anything but just a precaution to be aware of what you are really going to pay before you get started in this endeavor.

  • Joshua Diaz
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