We will be assigning a park I have under contract. The park is located on the coast of WA in Ocean Park and is turn-key/immaculate with no capital expenditures needed. Property is 34 RV lots, 11 mobile home lots, 4 plex, 1 BD home, and 3 bedroom home where the full time on-site manager resides and wants to stay on. All long term tenants. Rents are $100-$150 below market. 9% CAP at purchase and can be raised to 12 CAP after year or 2 of bringing rents to market.
Drop a line with your email or message me if interested and I will send packet.
Farmer John–just walking away from a park we had a contract on (to many buyers in the park business) and been doing it for over 35 years. We just sold a park for a crazy price and doing a 1031 but instead are under contract for a triple net property with a plus 6 cap and have NO, yes, NO management responsibilities just a nice big fat check–never thought we would change our business model. Have also farmed in MO. and raised on a dairy farm in MI. Some states also have NO income tax. Glad to help!!1