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Mike H.
  • Potomac, MD
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Mobile Home Park - interior lots carved out

Mike H.
  • Potomac, MD
Posted

I'm looking at a park where a prior owner sold off several interior lots within the park to individuals who were occupying the lots in their tenant-owned homes. One of the parcels has filed an easement so that they are assured ingress/egress to/from the park. The homes are in very good condition, the parcel owners have been there for a long time, and none of the parcels could obstruct the park entrances.

Is this a deal breaker? Ideally I would try to buy out the smaller parcels so that this becomes a non-issue and so that I can have some control over the future use of the homes/residents. Would it still be worth buying the park if I cannot convince the smaller parcel owners to sell back their lots?

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Curt Smith#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
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Curt Smith#5 Mobile Home Park Investing Contributor
  • Rental Property Investor
  • Clarkston, GA
Replied

This seems like a question for the old timer park operators on the forum link off mobilehomeuniversity.com.  Free forum, gets in front of many park owners.

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