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Mobile Home Park Investing

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Mobile home analysis

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Posted Oct 21 2019, 15:26

I need help with a first time mobile home park purchase. The deal in question is as follows:

http://www.loopnet.com/Listing/17416660

Some further details

7 tenant owned homes at $150 a month

1 at $200 a month

5 park owned homes

2 have been remodeled with tenants paying $550 each

3 vacant, said “need some rehab”

19 total pads.

On city sewer and water ($6000 a year bill, $50 per 10 rented, covers water bill annually)

What do you guys think?

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