Am I crazy, or is this price just too high?
54 lots @ $150/month
100% occupied
No park owned homes
No manager
2 Wells, not sub metered
Owner also sells water to neighbor for extra income
Septic tanks
Dirt roads
rural setting
park pays garbage
Owner claims to gross $109k, and net $80k.
Asking price is $750,000, but told me that they would take $600,000 cash, or finance it for a little more.