Mobile Home Park Investing

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Brady Allen
  • Des Moines, IA
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Filling vacant lots in a small mobile home park

Brady Allen
  • Des Moines, IA
Posted Sep 17 2019, 18:57

I am analyzing a deal for a 21 space mobile home park in a rural Iowa town. 13 of the spaces are occupied, 8 of which are park owned. The remaining 8 spaces are vacant. I am curious if anyone has experience bringing new mobile homes into a park of this size? The population of the town is around 1,300 with a median income of $56,000. This would be my first investment in a mobile home park and I am skeptical about the ability to introduce 8 new homes into this type of market. Any feedback on those with a similar experience would be greatly appreciated! 

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