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Current Project #3

  • Number Of Spaces: 45
  • Occupancy Percentage At Purchase: 50%
  • Occupancy Today: 58%
  • Income At Purchase: $6,00
  • Income Today: $10,000
  • Number Of Homes Moved In: 0
  • Space Rent: $350
  • Description Of Property: This is another big project park, purchased in March 2016, the park was 50% occupied by tenants. The rest of the park was vacant trailers that needed to be fixed up. The income when we purchased this park was $6,00 a month and it is already at $10,000 a month with just a few months after ownership. We expect to get the income close to $20,000 a month when we are fully occupied. In the short period of time that we have owned this park, we have demolished 2 unrepairable homes and have fixed up 10 homes throughout the park. We have evicted 2 tenants and have sold 5 homes. We also have beautified the park with a block wall across the front, are awaiting a new sign, have painted every single vacant trailer throughout the park and are planning a landscaping plan for the front of the park. With the location of this property being in the heart of this town, the park has huge potential to be a great running property.
Category: Current ProjectsBy Joe OrlandiniOctober 27, 2016

Author: Joe Orlandini

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Phoenix, AZ 85018

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Phoenix, AZ 85018
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