Got a deal I need help finding a buyer for!
I need help finding a buyer for this one, it would be my first commercial deal. I have financials upon request Property Overview: - 15-pad mobile home park - Currently ~12 occupied (recently 15 occupied) - Mix of lot rent + park-owned home income - Situated on ~8 acres (existing park) - Additional ~17 acres available for future development or expansion Financial Snapshot (Current): - Gross Scheduled Rent: ~$14,090/month - Annual Rent: ~$169,000 - NOI: ~$127,840 Stabilized Potential (15 occupied): - Gross Income: ~$225K - Estimated NOI: ~$150,000 Value-Add Opportunity: - Operational cleanup (mom-and-pop management) - Expansion potential with additional acreage - Ability to increase efficiency and collections Pricing / Structure Options: - $2,000,000 โ Lump sum (park + land) - $1,400,000 โ Cash (park only) - $1,500,000 โ Seller finance Park only (20โ30% down, 5โ6%, 30yr am, 5yr balloon) - Optional: Acquire park now with exclusive option to purchase additional ~17 acres for $700,000 within 3โ5 years