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Mobile Home Park Investing
HomeForumsMobile Home Park InvestingMobile Home Park - How to evaluate
Tom Murphy's profile image
Tom Murphy's profile image
Tom Murphy
Pro Member
  • Rental Property Investor
  • from Salisbury, NC (Charlotte area)
  • Member since Feb 12, 2019
  • Posts 39
  • Votes 5
  • Experience 7 Yrs
  • Investments 18
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User Stats

39
Posts
5
Votes
Tom Murphy's profile image
Tom Murphy's profile image
Tom Murphy
Pro Member
  • Rental Property Investor
  • from Salisbury, NC (Charlotte area)
  • Member since Feb 12, 2019
  • Posts 39
  • Votes 5
  • Experience 7 Yrs
  • Investments 18
Connect
Tom Murphy
Pro Member
  • Rental Property Investor
  • Salisbury, NC (Charlotte area)
5
Votes |
39
Posts
Mobile Home Park Investing

Mobile Home Park - How to evaluate

Tom Murphy
Pro Member
  • Rental Property Investor
  • Salisbury, NC (Charlotte area)
Posted Dec 3 2019, 17:19

An acquaintance is wanting to move and she's offered us her mobile home park.  It's outside of Charlotte, NC on 12 acres and it has five mobile homes currently with long term tenants.  There's space for a sixth.  

All mobile homes are serviced by a community well and each have their own septic.  Rents average $650/month and she's asking $300,000 with the potential for owner financing.

Having not evaluated mobile home parks prior, what questions do we ask and what things do we look for please?  Thanks in advance

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