📔Summary turnaround of one of the worst parks we have ever purchased. -2 out of 5 Stars.📈
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.
There were 56 homes, all park owned. 70% vacant and owner was collecting maybe half of the rent.
All of the homes were brought up to standard and sold to families. The Park is now 95% Collected, and all homes are tenant owned. We have 2 homes left to complete but this park has turned from the armpit of the city to a clean, safe, and affordable community.
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#success #winwin
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