Looking for debt or equity partners. 26 unit park fully rented with all tenant owned trailers accept 2. Rents are 15% below market and the 2 vacant spots are ready for two trailers.
Cap rate 16.86%
Cash on cash return 34%
Debt coverage ratio 2.9%
Huge upside.
How many people live in the area?
Are the utilities public or private?
Thanks
Small park but where is it located. You don’t have to give me the physical address but whats the population of the area.
All three parks are located in New York. Two are seller financed and one is a traditional purchase.
30,000 for one. 5000 for the other. Tenants pay utilities for all 3.