My partner and I have a 51-Lot Park under contract. We’re looking for partners with capital. Here are the details of the park:
5 Vacant POHs
14 Empty Lots
All Public Utilities
1 Storage renting for $90/Month
Lot rent: $370/Month
Seller financing 75% of the purchase price at 4.5% interest only payment for 5 yrs.
Purchase price: 1M
There is an opportunity of submetering water and bill back tenants. This would increase the value of the park significantly.
Hair on the deal: the park is located in a small town of a little over 1,000 people. But there are 2 Walmart with in 20 minutes of driving.
Clean Park with long term tenants.
Please contact me if interested at firstname.lastname@example.org or (954) 299-7864