Mobile Home Park deal! Need experts!
There is a mobile home park for sale in my town listed for $194,500. This deal is land only. All the mobile homes are tenant owned. It is currently set up for 9 spaces, but with a couple adjustments, it can have 12 spaces. Each space has utility hook ups. Water and sewer are all on one meter and paid by owner. Gas and electric are separate.
Anyone have some insight on the numbers on this deal? If lot rents are in the $300-$400 range and there is room for 12 homes, are we looking at something interesting? I would love to discuss this and look at partnering on this del if it makes sense??