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Grant is experienced in running RV parks and can help provide guidance and advice on day-to-day maintenance and potential pitfalls. The website is run by licensed real estate broker John Grant, who has been in business since 1981. They cover parks for sale in California, Arizona, and Nevada. You can easily get in touch with their team, both over the phone and directly via email. This site is a great choice if you are new to the world of mobile home park investing and are looking for some guidance along the way.
There also are not many mobile home parks listed on eBay. However, those that are may be overlooked by other potential investors. That can present an opportunity for the creative and resourceful investor. Basics such as price, lot size, number of units, and photos are on most if not all listings.
Mobile Home Parks For Sale
Type your email address below and we'll send instructions on how to reset your password. Join the BizQuest Newsletter with tips on buying a business and steps to owning your own business. As the company notes on their site, Florida is a wise choice for investors looking to purchase an RV park. Fortune Real Estate work with both buyers and sellers, helping them find the best match for their needs. Good question, especially when going the off-market route. The Reonomy platform makes it easy to narrow searches and uncover key indicators that can point to a likely sale.
If there are park listings in that location, on the right an option for “Mobile Home Parks for Sale” will appear. That suggests mobile home park investing can generate higher returns than conventional single-family or multifamily investments. BizQuest has more Mobile Home Park for sale listings than any other source. Whether you are looking to buy a Mobile Home Park for sale or sell your Mobile Home Park, BizQuest is the Internet's leading Mobile Home Park for sale marketplace.
BizQuest has the best inventory when it comes to mobile home parks for sale!
The lot rent could also be EASILY be bumped up by 50%. All these positive attributes plus city water and sewer made this one a no brainer. In some areas of the country real estate prices are so high that conventional homes are too costly for many buyers. Mobile home dealers, lenders, and brokers are all good people to cultivate and communicate with regularly. These relationships can alert investors to potential opportunities well before the competition hears about them.
It offers a much larger pool of properties to explore, as well as other benefits, like more flexible deal-making and direct contact with owners opposed to middlemen. “On-market” refers to properties actively listed for sale, either through listings platforms or otherwise. The average monthly gross housing cost for a mobile home is $564, according to Apartment List. That compares to $1,057 for a site-built home or apartment. Brokers will qualify buyers, confirming interest and ability to buy, before telling them about these listings.
James Ave MHP - Infill Opportunity in Beautiful Panama City, FL
The catch is that it can be much more difficult to identify these owners. One way to do it is by using tax records to identify the owners of mobile home parks. Then the investor can call or write to the owners asking them if they’d be willing to discuss a sale. Brokers also help with paperwork and necessary tasks such as inspections and surveys.
Also, the available information online may be limited. Some real estate agents and brokers specialize in mobile home parks. For instance, Mobile Home Park Broker is an Atlanta-based broker specializing in the southeastern United States. The site has more than 500 mobile home RV parks listed at any time, according to the site. To use the site, select mobile home and RV parks as the property type. The aforementioned Mobilehomeparkstore.com, for example, offers a specific section of their website strictly for mobile home parks for sale by owner.
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Investors will also often find total revenues, cap rate, and average occupancy. Other details may include whether utilities are separately billed, whether the roads are paved, and more. The listings may include information such as year built, total occupancy, average rent per lot, and size in acres.
Mobile home Parks offer unconventional options for real estate investors in search of high returns. Online listings, mobile home park brokers, and cold calling are some of the most common ways investors find properties for sale. The site also has foreclosed property listings and bank-owned real estate.
Foreclosed properties are often sold at auction to the highest bidder. These auctions can be good ways to acquire properties at relatively low prices. This auction site has foreclosed and bank-owned properties. MobileHomeParkStore is an all-mobile-home-parks listing site. It claims to have more than 1,000 listings of parks for sale in every U.S. state.
Mobile home parks have become one of the most trustworthy commercial real estate investments across the country—here, see the best sites to search. The owner reached out to us looking to sell one of the mobile home parks that his company manages. Mobile home parks come up for auction just as other real estate properties do. If the owners get too far behind on mortgage or tax payments, they can be foreclosed on.
Single- and double-wide stationary manufactured homes aren't really "mobile." Nor are the "parks" in which they reside. With manicured shrubbery, landscaping, clubhouses, and pools, mobile home parks these days resemble traditional family neighborhoods. Even though almost 10% of the American population resides in mobile homes, many business investors overlook mobile home parks. Serious entrepreneurs are cleaning up in this untapped market by snatching up mobile home parks that are for sale. For instance, you may not be able to learn details beyond general location, a brief description, and price without contacting the broker.
Here you are welcomed by a property built in 1929 with unique charm, which was completely gutted in 1984, equipped to a high standard and continuously modernized. Thankfully, there were no injuries 🙂 in this one and we were able to get the seller exactly what they were looking for. We started learning about the park and what the owner’s goals were on the 22nd of July 2020. Click on a nearby city orclick here to see the list of all cities in Florida.
You can also find mobile home parks for auction on eBay. Search for “mobile home park for sale” in the “real estate” section. You can enter a lowest price figure of $75,000 to screen out most individual mobile homes.
You can search by a number of variables, including location and type of auction. However, there’s no filter for mobile home park listings. One way to find mobile home parks up for auction on this site is to use the Google search tool. Loopnet is the largest commercial property listing site. It lists more than half a million office, retail, warehouse, industrial, multifamily, and other types of properties. Mobile home and RV parks is one of the types of property you can search for.
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