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Updated about 8 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Lawrence Breecher
  • Wht Settlemt, TX
2
Votes |
12
Posts

Help analyzing rv park/mobile home park

Lawrence Breecher
  • Wht Settlemt, TX
Posted
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

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