I have an off-market deal in the Lubbock TX metro available for assignment. I have done my diligence on the park but am leaning towards assigning the deal due to its distance from my home and the potential regulatory hassle that may be needed to get the water system up to par.
Key attributes of the deal:
- Seller financing available
- Price $275,000 before assignment
- Rents are well below market at $150 with water, sewer, and trash included
- No park owned homes
- 35 lots with room for a few more lots
- Only one vacancy
- Utilities: Well water with backup city water connection. City sewer. All direct billed electric and gas service.
- Phase I was clean
- Well inspection, plumbing, sewer camera job, and water quality reports available.
- Survey is nearly complete.
- Water system will likely need some work
Please PM me your email address if interested.