I always enjoy when investors post mobile home park deals so here is another i’m working on.
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94 lot Mhp
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88 lots rented at $300 each. No park owned homes. Only 2 vacant lots. One home is the managers, one is the owners, and 2 are in process of being setup.
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Commercial building rented as a restaurant in the past is vacant. $1000/month
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Public water and sewer. Owner pays water and sewer $4000/month.
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Taxes $25,000/year.
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Trash $800.00/month.
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$17,000/year other expenses (manager,repairs,misc.).
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Built in 1950. No room to expand. Paved streets in decent repair.
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MHP located just outside a large city with 1.2 million residents.
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Median income $37,000. Median rent $810.
Price 1.5 million with no owner financing.