All Forum Posts by: Greg Giacoma

About me: https://www.linkedin.com/in/greg-giacoma-581745196/

Eastern Ohio MHP Value-Add Project for Sale
Financing Available for Acquisition and Capex for *Qualified buyer

Asking price: $515K

*Email me for more information: [email protected]

This is a value-add, turnaround project for someone that’s got a crew or a plan and is willing to fix up the POHs, rent them or sell them off, and exit via refinance or sale of the park. We have financing for a qualified buyer that would also include a line of credit for rehab of the mobile homes. For the right person this can be a nice plug and play project.

Lot breakdown/Rent:
+34 MH total lots
+2 additional mobile homes/lots used for Storage
+14 occupied: 3 POH / 11 TOH
+15 vacant POH
+5 Vacant Lots
+Lot Rent: $225-$300 ($300 for newer tenants)
+POH Rent: $438-$445
+As-Is Gross Income: $5,603

Infrastructure info:
+Age of POHs: mixed bag (60’s-2000)
+City water
+City Sewer
+Paved Roads
+Water, sewer and electric is billed back to the tenants

Misc:
+No Flood Zone
+MSA Population: 140,000
+Median Home Cost: ~$125,000
+6.722 Acres

Again, please email me if interested at [email protected]

I'm looking to assign (wholesale) a MH/RV Park for sale in Mason, WV. 

Email me for the offering memo and other details: [email protected]

Below are basic details:

Mason, West Virginia (On the OH & WV border)

Asking Price: $228,000

Direct to seller assignment of contract

Basic info:

+11/16 lots Occupied (11MH/5RV)

+1 TOH / 7 POH

+3 Long-term RV tenants (12 months+)

+$150 MH Lots Rent (Market rent $250+)

+$375-$400 RV Lot Rent (Market $500+)

+POH rent: $485 Average

+POH ages: 70’s,90’s, 2000’s 

+3 Vacant mobile home lots

+2 Vacant RV Lots

+Utilities: City water / sewer (sub metered) 

+Roads: Grave; (good condition)

+Mason County MSA: 25,000+
*Financials are very back of the napkin. I have some bills such as utilities. Due to the lack of dd docs, we’re assuming a 40% expense ratio*

+2022 Gross Income: $50,520+2022 Expenses: $20,238 (estimate)+2022 Net: $30,212 (estimate)

Email me for more information: [email protected]

END 

Thanks, 

Greg Giacoma

303-921-1736

Direct to the seller, assignment of contract.

Looking to close ASAP! Offers are essentially first come, first serve. This is a fire sale!!

*Send email if interested!: [email protected]

--
Located off I-80 in Humboldt County, NV

MH&RV Park, Self Storage & Leased Commercial Properties

5 businesses on 10.81 acres + Extra Vacant Commercial Land.

Asking: $925,000

+MH/RV Park:

-27 spaces (6 MH, 21 RV)

-All POH (100% occupied)

-Long term RV tenants (50%+ occupied)

-$300 RV rent

-City water ; septic

+Self Storage:-50 units (10x15)

-$50/unit (same price since built in 89’)

-100% occupied

+Leased Properties

-Bar & restaurant ($1,100 / month lease)

-Convenience store ($1,100 / month lease

-Motel / 8 units, 50% occupied (leased to convenience store)

+3 acres of commercial land to add self storage, dry storage or RV/MH lots+1 single family home ($250/month)

+Laundromat: $3,600 gross / year

+Property Financial Totals:

-Gross: $154,800

-Expenses: $7,846

-NOI: $146,954

Email me for more details:[email protected]

Humboldt County, NV

MH&RV Park, Self Storage & Leased Commercial Properties

5 businesses on 10.81 acres + Vacant Commercial Land.

__

**Send email if interested!: [email protected]

__

Direct to the seller, assignment of contract.

Asking: $1,115,000

__

+MH/RV Park:

-27 spaces (6 MH, 21 RV)

-All POH (100% occupied)

-Long term RV tenants (50%+ occupied)

-$300 RV rent

-City water ; septic

__

+Self Storage:

-50 units (10x15)

-$50/unit (same price since built in 89’)

-100% occupied

__

+Leased Properties

-Bar & restaurant ($1,100 / month lease)

-Convenience store ($1,100 / month lease

-Motel / 8 units, 50% occupied (leased to convenience store)

__

+3 acres of commercial land to add self storage, dry storage or RV/MH lots

+1 single family home ($250/month)

+Laundromat: $3,600 gross / year

__

+Property Financial Totals:

-Gross: $154,800

-Expenses: $7,846

-NOI: $146,954

__

Email me for more details:

[email protected]

Humboldt County, NV

Commercial Property Consisting of 5 businesses

Direct to seller assignment contract

Asking: $1,115,000

__

Email for more info: [email protected]

__

MH&RV Park // Self Storage // Laundromat  // 3+ acres commercial land

Bar & Restaurant (3rd party lease) // convenience store (3rd party lease)

// Motel (3rd party lease) // 1 Single family Home (occupied)

__

++MH/RV Park:

-27 spaces (6 MH, 21 RV)

-All POH (100% occupied)

-Long term RV tenants (50%+ occupied)

-$300 RV rent

-City water ; septic

__

++Self Storage:

-50 units (10x15)

-$50/unit (same price since built in 89’)

-100% occupied

__

++Leased Properties

-Bar & restaurant ($1,100 / month lease)

-Convenience store ($1,100 / month lease

-Motel / 8 units, 50% occupied (leased to convenience store)

___

+3 acres of commercial land to add self storage, dry storage or RV/MH lots

+1 single family home ($250/month)

+Laundromat: $3,600 gross / year

___

+Property Financial Totals:

-Gross: $154,800

-Expenses: $7,846

-NOI: $146,954

Email me for more details and to set up an introductory call:

[email protected]