Tractor/Truck Challenge: Mobile Homes

Ratty Trailers With Stellar Cashflow

Two possible candidates appeared on MLS recently. Neither of these lovely little beauties would make the cut for our regular portfolio, but might be just right for the TTC. Both are in the same neighborhood– a mobile home community with a combination of single/double wides on 1/2 acre lots, community water and sewer, and located in the locally prefered school district.

#1 Asking price: $37K, 3bedrooms/2 bathrooms, no garage or carport, fully fenced, built in ‘72.

From MLS: If you’re looking for quiet, peaceful and secluded area, this property is your answer. Wonderful trees surround this mobile home accented with front porch to enjoy your morning coffee. Large back yard. Two storage buildings. Seller has included 16.5 Craftsman lawnmower to keep your lawn, Low Taxes. $194.00

Living: 17×12
Kitchen: 10×12
1st Bed: 9×12
2nd Bed: 9×12
3rd Bed: 9×12

O-kay… there’s a real problem with that “quiet, peaceful, and secluded” part– this neighborhood is directly across the street from ‘Racetrack’s spacious, paved pit area  (which) holds approximately 400 racing rigs, with additional pit parking available on grass. The Park has a seating capacity of 30,000, with additional grandstand seating brought in during major events to accommodate reserved seat requests.’

Can’t they get in trouble for that kind of hyperbole?

#2 Asking price $38.5K, 3 bedrooms, 2 bathrooms, no garage or carport

From MLS: Home has front and back porches, large ‘eat-in’ kitchen. Refrigerator stays.

Den: 13×13
Kitchen: 11×13
1st Bed: 11×11
2nd Bed: 9×10
3rd Bed: 9×9
Utility Room Desc: Utility Rm In House

If either are still on the market after January, it’ll be worth a look. Rent in this area would be around $700/month with expenses less than $50/month. No one around here will finance an older trailer so a low cash offer might be welcome. There’s no hurry– the list price of foreclosures continues to drop so we might find something nicer if  we hold steady until spring.

Until then, I’ll keep watching the local market.
 

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Tags: cash offer, mobile home, mobile homes on land, trailer