3 Park Portfolio Assignment Option

[Ydhw]

RARE OPPORTUNITY to pick up three money making mobile home parks in Lakeland Florida. Park 1 has 19 current units and can grow to 22. Park 2 has 18 units plus a three unit strip plaza, and Park 3 has 28 current units and can grow to 45. The parks are owner managed, as are all of the mobile homes. Asking 2,800,000. includes assignment fee.

[Ydhw]

Lakeland is a growing city East of Tampa Fl. The average 2 bed apartment rental is $900. month. Average home price is $129,600. Easy commute to the beach or Orlando Fl. The population is growing steadily. There are a total of 65 occupied units. These units are park owned. The average rent being collected is $500. 65x500x70=2,275,000

[WhiteTrashGator]

If you have that much to spend I would stay away from Florida. You can get a lot larger park outside of Florida. You can also go somewhere with no hurricanes. I live in Florida and I don’t own any in Florida. I know the parks you are looking at.

[Ydhw]

I’m just selling the assignment. what can you tell me about those parks?

[WhiteTrashGator]

Not much details. Someone else spoke to me about them recently. Not really interested in the area although solid but didn’t inquire.