📔Case Study 🏘📈
This property was the definition of a slum. The owner had not been to the property in 8 years and was even surprised how bad it was when we did our walkthrough. It was an armpit for the city and was 100% in line for redevelopment.
56 homes, all park owned.
Owners rent roll (which he wasn’t collecting) was at $10,360 per month. All homes were park owned and were being rented out to prostitutes nightly. True story
We sold all of the homes to families. And now our rent roll is at $42,520. And we have great families in the park with a clean and safe place to live.
Park is 95% Collected, and all homes are tenant owned.
#mobilehomeparkinvesting
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#entreprenuer
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#valueadd
#success #winwin