The price seems high for its NOI, but in the ball park. Without knowing more details its hard to say.
What type unities does the park have, Public or well/septic?
Who manages it?
What are the comps on the house?
What does raw land sell for?
What are the vacancy rates like over the past 3-5 yrs?
@bill f. Not sure on the septic they claim the vacant land is worth 100k on its own but discounted it not sure on septic will call tomorrow park is managed by owner who is off site not sure on house comp but they value it at 80k
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