Small park, 16 spaces. Not deplorable looking. Looks like working class folks.
Rent well below market
Not in city limits
Owner says, I’ll sell it to you. Asking price 9 cap, pretty sure he’ll sell for a 10 cap.
One caveat: Sewer is aerobic system. Says he was contacted by DEQ to install new system 6 years ago. He did. Multiple aerobic tank system with sprinklers on adjacent land that will go with the park. Could possibly have slightly larger capacity and/or room for additional tanks/sprinklers for more lots.
Question: How ugly is the idea of aerobic system (fairly new) for the sewer function?