We are looking at a 40 pad park in a tertiary market in Ohio.
At first glance it looks like it needs everything - Clay tile sewer, master-metered, 40-50 yr old electric 100A services that appear to be looped in series.
20 homes present all Owner Occupied - most form the 70s. I know, I’m painting a picture here…
Solid, blue collar folks, been there 15, 20, 30 yrs - but needs all new everything.
Under contract for a ridiculously low price (price of a car) - but did I mention it needs everything.
My questions is - we’ve done water, we’ve done sewer, we’ve even done electrical upgrades - but never the Trinity - all in one park.
Any input for this small, but potentially profitable turn around? Profits will go in my partner’s self-directed IRA.