Looking at a 2-3 Star park in Washington State.
36 Lots (Tightly put together)
100% Occupied
$420/mo lot rents
City Water/Sewer included in rents
Good Metro area: 250k+ Population, $200k+ Avg Home price
Under Contract between 900k-1M
Should be about a 11-12 Cap, although there isn’t much additional upside besides submetering
Any special cautions for Washington state or Suggestions with the park?