Help analyzing rv park/mobile home park
Hello my name is Patrick I'm looking at a rv park with 27 spaces 1 home with roughly 1000sq and comes with leased rv
Rv park sits on 5 acres with 2 and half undeveloped land could be expanded for more spots or storage land
Has laundry room 3 washers and dryers
small storage cage on property as well
Rv spots rent for 375 a month
House rents for 900
Laundry brings in 100 a month
They advertise 90% occupancy on spots and I've drove by few times over the years does seem to have most spaces taken
Looked at the profit and loss for 2016 brought in
95k expenses were 43k profit of 51k
Rv park located mike up the road added 30 new spaces this year not sure if that's good or bad
Just want some help analyzing this deal and what info I haven't checked into yet thank you
They're asking 680k
Located in Azle tx