Rolling Wheel MHPRolling Wheels Mobile Home Park on Kietzke just listed for $3,795,000 or $57,500 per each of the 66 spaces.  58 of the units are tenant owned, 4 are park owned and 4 are vacant.  Park rent is about $675 per month.

How do we rid our downtown core of blight like this when the financials are so compelling?  Mobile Home Parks may be even more profitable than weekly hobotels like the Ho Hum (report coming soon).

In case the Loopnet listing gets taken down, here are the attachments:

Rents

Brochure

Pro Forma

How do we irradiate crap like this in our downtown core when the financials are so compelling?  Mobile Home Parks may be even more lucrative than Hobotels like the Ho Hum (report on that coming soon).  In case the Loopnet listing gets taken down, here are the financials:

Rents

Brochure

Pro Forma

4 half cubes and a bungalow for $899,000?

Advertisements