Thank you @jhutson!
FYI, I am passing on this deal and happy to share the seller’s contact info w/ anyone interested.
- Does not appear to be an issue.
- 2 years ago, the occ was 100%. The most information seller was able to provide: mismanagement and shady biz partner caused people to move out. In other words, this question was unresolved. Homes actually average 100k however.
- This is the reason I dropped the prospect. Zero response from test ads.
Now looking at another small park-18 units. They are currently all rentals and the owner seems to have held pride in his ownership and remodeled all the units.
The main issue I have here is: Most of the 1,2 and 3 bedroom homes are all 12ft wide homes. I WOULD continue renting the units due to their great condition, rental income, and long term tenants. Property cash flows nicely…
Wondering if anyone has constructive criticism on keeping very small units as rentals? Obviously are less attractive commodity than larger units. Any relevant experience selling or renting small units?