We just inspected this park and it looks great. In order to receive the full package and more details on the inspection email
[email protected] to sign an NDA. Deal Highlights: - Price: $900,000 (includes fee) - YR 1 COCR of 13.24% - Seller financing: $145k down (doesn't include fee), 5.5% interest-only payments of $3,002, 3 yr note - Park was built in 2000 - Seller is not tech-savvy and has zero online presence so the infill projections are very plausible - Manager ads posted at $1500/month with 20 qualified applicants - All neighboring parks and storage facilities are at a minimum 85% occupancy Occupancy: - 27 total pads - 16 occupied / 11 vacant - 100% TOHs - Average lot rent: $258 (market $400–$595) - 89 storage units - 63 units occupied currently - 1 apartment (1 bed/1 bath, $850/mo, fully remodeled within last 12 months) - 1 office building on site Utilities: - City water - park pays - Septic - park pays - Electric – tenants pay directly - Trash - park pays