Looking at a mobile home park. Seeking input.

[Paul Georgia]

Hi all,

I happened up on small mobile home park for sale when researching another deal and would like to get some general impressions on the deal.  The sale price is $365k.  The annual revenue is $58k. My main concern is that it is on well and sceptic. There are three additional approved sites, which I assume would require development, ie, installing sceptic systems.  

Also, there is an adjacent property with 5 additional approved sites for mobile homes for $80k, which again would require development.

I would appreciate any input.  Thanks.