Price is 2.7M:
83 Spaces- 66 POHS, 15 TOHS
39 Occupied homes, 27 vacant homes needing reno., 2 vacant lots
Overview Of Income and Expenses: (have more detailed expenses and park fix up (reno. and bringing in more needed homes etc.-email for more info.)
Current Numbers:
Gross income $298, 080
Expenses: $148,176
Net Income: $149,904
Estimated Numbers after Plan Completion:
estimated capital needed to complete project $405,000
Projected gross:$523,020
Projected Expenses: $182,376
Projected NOI: $340,644
Cap Rate: 10.9%
$2,700,000 (price)+405,000 (capital) = $3,105,000 (not including 30k finders fee to me, may be a consultant fee(not for me), ill find out for sure about if consultant fee way before an LOI)
$340,644 divided by $3,105,000=10.9% (not including my fee of 30K, WILLING TO PARTNER TOO Instead of FEE OR PARTNER W EXPERIENCED OPERATOR and MUCH SMALLER FEE (negotiable))
Any other info. you need, please reach. its my job to get you what you need. I take pleasure in helping other mhp investors. (9 more parks to come, all need homes filled, 35-60% occupied parks mostly. many more coming!
If this is not for you, I get it. Trying to do a seller w 12 parks a favor.(most are high risk filling lots of lots) I am in process of finding other parks for investors too, once i have your criteria. Be my pleasure! I also own a park hopefully 2nd soon in New England.
Thanks for your time in viewing the info.
Sincerely,
Dan Greenberger
DLG Properties, LLC
dan.cpllc@gmail.com
401.712.8148