What would be a fair price to pay for an empty park? This would be a complete in fill project and would take capital to buy homes, bring them in and sell / rent them to tenants.
Park has city water and sewer.
Park has no gas, just water and electric. Each lot individually metered by electric company. Water is master metered.
Going rate for lot rental in area is $200 - $250 with parks paying for water.
Number of lots is 54.
Also, city requires wind zone homes of 2 and 3, so may be a little difficult to find used homes to move in. May have to buy new from Legacy to get that type of home.
Demand seems to be good in the area.
I know this is an expensive endeavor, so curious as to what you guys would value the dirt and utilities at.