I looked at a property has a lagoon for sewer but city water. If it is close enough to get city water is it possible to get city sewer too? How expensive is that? Or should I just not consider a park like this since they use a lagoon?
The reason I ask is that all the other numbers seem to work out well. 20%+ cash on cash return before rent increases and rent hasn’t been increased since 2010. Plus a strong CAP rate.
Any insight would be helpful.