Hi All- A client of mine is looking to assign two small deals, high level parameters below. Send me an email if you would like to an introduction to learn more: Deal 1: Huntsville, Texas A total 42 lots between two properties, with 28 currently occupied (72% tenant-owned homes) - Occupied Lots: 28 (22 TOH, 3 POH, & 3 Tiny Homes) - Lot Rents Average: $275/ (below market comps of $450-$500) - Utilities: City water & septic (park-paid) - Asking Price: $890,000 (~$21K/lot) Deal 2: Butler, Pennsylvania A total of 38 lots, with 30 currently occupied (56% tenant-owned homes) - Lot Rents Average: $350/ (below market comps of $425-$450) - CAP Rate: ~8% on current NOI - Utilities: Well & septic (park-paid) - Occupied: 30 (17 TOH, 3 POH, & 10 Lease Options) - Asking Price: $1,150,000 (~$30K/lot)
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