We have a deal under contract that doesn’t really fit our buying criteria but it may fit someone’s on this forum.
The park is in Louisville, KY
60 lots
~45 occupied
$310 Lot rent
Water/Sewer: City - Sub metered
No park owned homes (likely a few abandoned homes through)
Contract Price: $700,000
There are roughly 45 days left for diligence.
The park is a 1 star park, it’s a little on the dense side, and it’s a mostly Hispanic park.
There are very little in the way of financials
We have identified a few banks who have an interest despite the lack of financials and overall look of the park. The owner is willing to finance with $500k down.
If you have an interest, please email Ken at coppersideinvestmentsllc@gmail.com