Have a 25 lot park with half tenant owned and half park owned homes. No city water or sewer, mostly older homes not on pads, aging water and septic infrastructure. Good news is it’s in a high rent area with the park owned homes bringing in $1100-$1300\month. Park rent is $400. Looking for an appraiser in the local area familiar with mobile home parks to give us a realistic number before we move forward. Thanks!
I understand this has been a while, but what progress have you made on this park?
Our park in NH was appraised by CBRE in Boston last year. Similar size to yours. Shoot me a message if you want their contact information.
Try the NADA appraisals that you can do on-line…they will give a rough idea of the value