Park for sale in alabama

I have a park for sale in alabama heres the quick numbers
42 spaces
20 park owned homes
2 owner owned homes
15 rented
5 need fixing
gross income in park is 5700
expenses are
water 550 monthly
mgmt 250 monthly
electric 75 monthly
trash 110 monthly

Netting 4500

assumable loan of 275k on park and 123k cash down

sale price 398k
Dont have any more time for it.
call for more details and pics or email

kevin easterly
760-845-5686
kevineasterly@yahoo.com

Given you’ve excluded (realistic) repair costs for the POH’s, insurance, taxes, roads? etc I would venture to say you’re asking at least 250K +/- too much - irrespective of the occupancy issues - and that’s assuming you’re in a good market which you’re probably not since your POH rent is $380.

Put your Park up on mobilehomeparkstore.com and maybe you’ll find someone living close by wanting to get their hands dirty.

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