Doublewide Modular w/ 1acre of land! - Posted by Carey_PA
Posted by Carey_PA on October 25, 2000 at 22:10:15:
How have you all been? I’ve been trying to get into sfh’s lately and I’m currently “trying” to see if I can get a local bank here to work with me. (It was recommended by a fellow investor in the area)
Anyway, in the process he also recommended a realtor and I just got off the phone with the realtor. It was kinda like a get to know you phone call.
He tells me about this 26x52 doublewide on 1 acre of land that is a bank repo. The bank is asking $76.9k and he says they are negotiable and he knows they would take less because the home has been on the market for 6 months now and they want to get rid of it. (they started listing it at 90K) The home is being sold in as is condition, it needs a little fix up work, i.e. carpeting, ceiling fan, etc. And it’s on a block foundation.
Now, when speaking to the realtor I asked about comps and he said it’s kinda hard because there aren’t that many homes that come on the market like that where the land is for sale, but he thinks it could go for $110 -$120k.
This is my first ever non-lonnie type deal lol what do you all think? Could it be a good deal? If it is a good deal, would it be best to just sell the home and forever rent the dirt or sell it all together?
Thanks a ton!