I’m looking to assign a contract on a MHP in Cascade, Virginia. Two parcels that total 45 acres come with the sale. I’m not sure if the city would allow for expansion but it’s there if you get the green light.
The park is grossing around $5400 a month. By adding two more trailers and a lot rent increase, it can be grossing $6500 a month. Lot rent hasn’t increased in 7 years. Asking $415,000. Seller will hold paper with 50% down at 4.5% over 20 years with a 6 year balloon.