Chester SC 22 Home, 32 Site Park- Deal or No Deal?

Chester SC
Price: $170K
32 site (37 site technically but a bunch are small)
22 occupied, all tenant owned homes
Lot rent: $90 (crazy low)
Market rent: $150-$200… think $190
Direct bill city water and sewer, city owns the lines up to the meter, not the park
Gravel/dirt roads
Mostly 80s homes, not totally trashed, but not great either

Would you all do this deal?

Thanks!

Seems like a deal, you’re doing pretty good if you can get rent to market levels.

I would run a Test Ad.
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Sounds like a deal to me especially if

  1. Test ads yield good results
  2. Other parks in the area validate what rents should be
  3. Not in a war zone
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This seems like a good deal. How did you find it? If you don’t want it yourself, please email me more info! jcreholdingsllc@gmail.com

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Thanks everyone for the input I appreciate it

Sure I’ll let you know and I’ll let you know if future deals that I am assigning

Interested in future deals. Amyjeon15@gmail.com

Were you trying to sell this park?