Below mkt. MHP assignment opp to make $10K/mos net cash flow:

JK · April 9, 2019, 1:27am

Good Day MHP Investors-

Consignment opportunity:

Park
- $635K purchase price ((Frank formula value of $690K)
  - Full occupancy valuation is ~3X this amount
- 71 Lots/32 occupied (all tenant occupied- no POHs), $325 lot rent
  - Comp- MHP less than a mile away is 90+% occupancy @ $400/mos
- Upgrade opportunity
  - Remeter
  - Raise rents
  - Infill
Location
- Midwest- MSA
  - 335K population
  - Average home $148K
  - $46K HHI
  - 10% pop growth
  - Diverse employment with two large universities within 12 miles
Utilities
- Septic/well
- County approval to connect to city sewer and finance project over 20 years. Nominal monthly cost can be passed along to tenants.
Proforma: 18 Cap oppor

Email/text me for NDA to proceed- $30K consignment fee

Jerome

312.925.2476

MHPobserver · April 12, 2019, 8:00pm

What are the rents at this park?

edit: NVM…I can’t read: $325

mhparkpeter · June 19, 2019, 5:05am

Hi jerome,
I would love to hear about this park or others that you have. I own two parks in the midwest currently.