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Single Wide on 2.5 Acres

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AroundTheWorld

Be in the Moment
FASTLANE INSIDER
Speedway Pass
Jul 24, 2007
2,874
1,908
.
  • 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
154
44
52
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
 

AroundTheWorld

Be in the Moment
FASTLANE INSIDER
Speedway Pass
Jul 24, 2007
2,874
1,908
.
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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