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REAL ESTATE Single Wide on 2.5 Acres

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AroundTheWorld

Be in the Moment
Speedway Pass
Jul 24, 2007
2,909
1,889
550
.
  • Single Wide on 2.5 Acres
  • Property in a subdivision of 10 lots - each has a trailer or modular home
  • No restrictive covenants
  • No zoning
  • Property fronts busy Highway
  • Middle Income subdivisions going in in surrounding areas
  • Area of growth
  • Listed for 200,000 - worth 200,000 in it's current use
  • 5 miles from a mid size town and 2 miles from a small town

Where is the opportunity here?
 

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reipro

Contributor
Sep 27, 2007
156
44
36
50
Lincoln, NE
The opportunity is to by all 10 lots and demo the trailer park and put something else there that has a higher and better use
 
OP
OP
AroundTheWorld

AroundTheWorld

Be in the Moment
Speedway Pass
Jul 24, 2007
2,909
1,889
550
.
Oh, love this response REIpro. Thinking big!

Of all the deals I posted so far in this section, this one was one of my favorite deals... (these are all deals we have either looked at or done)

Finding a property that is not currently highest and best use and converting it to such is a great value play...... a great way to create money.

In the case of this particular trailer house, we converted it to self storage - greatly increasing the value of the property.

Fun stuff!
 

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