I ran across a lead in a super small market with a MSA of 5,000 people.
Does anyone buy in areas like these?
Asking Price: $1,050,000
(THE OWNER IS OPEN TO DOING OWNER FIANANCING FOR A $100,000 DOWN PAYMENT AND THEY WILL CARRY THE NOTE FOR 20 YEARS)
Occupied Paying Tenants/Lots: 40-45
Owner Info: They have owned the park for 20 years
MSA: 5,000 population
Lot Rent: $220
(MARKET LOT RENT IS 275+ THE LOT RENT INCLUDES WATER)
THE OWNER OWN’S 20-30 HOMES
HOMES: 70,80,90, AND 00’S
There is potential to pick up another park within 3 miles of this park also, that has 30+ pads, with 10 being occupied at $275 a month lot rent.