Re: mobile home parks - Posted by Tim
Posted by Tim on July 30, 2004 at 06:47:57:
I live in the Auburn/Opelika area, & have been looking for a park myself. It’s hard to tell from the info you have provided if it is a good deal. Does the park have city water & sewer? Are the roads paved, are there any amenities? What kind of shape is the house in? Are the 9 lots that are not owner occupied vacant or do they have park owned homes? If they have park owned homes how old are they? If the lots are vacant is the city/county zoning going to allow new homes to be brought in? These are just a few of the items that need to be considered to establish the value of the park. Do an archive search for “due diligence” on this site for information on evaluating parks.
If this deal falls through for your investor would you mind passing on the information? This sounds like a park I would be interested in myself.