Subscribe Feed (RSS)Another Bargain Trailer/Lot: 13.5K
December 18th, 2007 by Connie | Filed under Tractor/Truck Challenge.Yesterday, the mister wanted to ride around looking for prospects for his birthday. Gotta love that man 
We found this little jewel. In general, we’ve avoided this area as almost everything requires both well and septic which can be a bugger when replacement time comes. However one neighborhood has community water. It’s beautiful- tons of hardwoods in a rolling setting with a nearby creek that doesn’t flood (much)… trailers to stick-built run 50/50.
This is probably the worst property there:
From MLS:
General Description:
SELLER HAS NEVER LIVED ON PROPERTY/NO DISCLOSURE/ SOLD AS IS WHERE IS/ ALL UTILITIES AVAILIABLE FROM CITY/ SINGLE MOBILE NEED TLC/ GREAT PROPERTY FOR THE PRICE/.60 of an acre according to appraisal district1st Bed: 12X10
2nd Bed: 11X9
Connection: Washer
BedRooms: 2 Bedrooms Down
Heating: Other
Cooling: Window Units
2/2, no carport or garage, built in 1982, asking price 13.5 K
The Good– nice lot, beautiful trees.
The Bad–probably indicative of the overall condition.
A 2/2 trailer in this neighborhood would probably rent for $500- $550/month so it’s worth a look-see.
More to follow.
Popularity: 11% [?]
Tags: REI, rent houses, trailers and land
What a pretty lot!
Have you thought about building on there someday?
We would love to find a cheap lot to build a duplex on..someday.
Looking forward to hearing more.
Maria
We’ve given it some thought–I’m not sure rent would be high enough to support a new build in this neighborhood, but who knows? The area is really taking off–
Things are winding down here for the holidays so this is probably it until after the first– then I’ll start bugging our agent to see inside a few places, including this one.
Can you get it for land value less move-off cost? I might go shopping for a used mobile home to put in its place if I could buy it for that value. Collect the rent from the used mobile for a few years until the stick builts take over the neighborhood and you can sell the lot.
Maybe– they’ve already dropped the price from 15K. Land value’s probably about 10K or so… its worth investigating
The home does not look very rentable as is. Looks like the roof has leaked and the siding is shot. Trailers are constructed with a lot of composite materials that break down in the presence of water. Oten they aren’t worth repairing.
If the water meter is in place, the permit authority won’t charge you an arm and a leg to change out the mobile, the septic is in ok shape, and there are used mobiles at bargain prices in your area, I would go for it. If the existing trailer can be cheaply renovated, it can be your interim use. If not, demo and replace it. Unless the taxes skyrocket, the rate of return should be outstanding.
If I were a gambling woman, I’d bet good money this place isn’t habitable
Nothing out here goes for less than 20K no matter the condition. Doesn’t look so bad from the outside, but you’re right– that definitely looks like water damage from the roof in the picture.
A 3/2 trailer would rent for $600-$650 and used models are fairly common… the trick will be getting rid of the old one. There’s only two companies nearby that move trailers, but finding a place to move it *to* could be difficult (and expensive.) I’ll do some calling and see what they say.
Your best bet might be demolition and hauling the debris to the nearest construction debris landfill. I don’t think you would have an asbestos problem if the trailer was built in 1982. Subtract the cost from the land value and make your offer. The worst the seller can say is no!
Demolition! *Great* idea~
Never crossed my mind, but its do-able
[…] See What I See? Posted in January 22nd, 2008 by Connie in House Hunting, Tractor/Truck Challenge This property is still on the market and I’ve been rolling ideas around, trying to come up with something […]