I have an off-market 36 lot park up for assignment in the Warner Robbins MSA in GA. The metro stats are more than adequate. This park is a deep value add. Of the 36 lots, only 5 are filled. Pop passed away and left the park to his daughter who has no experience running a MHP.
Price: $100,000
Lots: 36
POH: 2
Current Occupancy: 14% (5/36)
Utilities: Well/Septic. 3 working wells on site.
Metro: Warner Robins: 188k Population. $51k Median Income. $134k Median Home Price. 3 BR Apartment rent $1,151
Current lot rent: $140
Market Lot rent: $300+
Lot Size: 6.5 Acres
Notes: This is a fixer upper park. Not really ideal for the first time buyer but if you’ve got some capital to put into the project you could see a pretty huge return.
Message me here or email me at Dominic@djmequity.com for more details.