import
August 17, 2006, 1:48pm
1
Posted by Stan(GA) on August 18, 2006 at 21:39:21:
I wouldn’t pay more than $90K for it.
If you could get it for under $90K with owner financing, and you had about $80K to fix it up and bring in newer trailers new roads, new septic etc, it might be wort it in 2-4 years when its full and grossing $70K a yr in lot rents and about $100K on Lonnie notes, over about 5 years.
But I dont see the area supporting 30 trailers in one spot, too rural.
Was pretty funny how in the flyer they show the Pro Forma as if it were a full park, instead of empty And blab endlessly about how easy it will be to fill. HA!
If its so easy, how come it ain’t done?
import
August 17, 2006, 1:48pm
2
Anyone wanna buy this gem of a park in Agusta GA - Posted by Stan(GA)
Posted by Stan(GA) on August 17, 2006 at 13:48:51:
http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=14688028&RecentlyViewed=true&ItemIndex=1&PgCxtDir=Down
32 spaces total
$164K still oweing on the mortgage.
Depending on the surrounding area this could be a great turnaround park.
Too far away from me unless I quit my JOB and moved, which I would consider if I didnt have a family.
But if you buy it I’d like a finders fee!
import
August 18, 2006, 8:55pm
3
Re: Anyone wanna buy this gem of a park - Posted by Seth(CA)
Posted by Seth(CA) on August 18, 2006 at 20:55:52:
The total asking price is $385K. I am looking for a turnaround park, but this one looks like it needs to be completely developed!
import
August 17, 2006, 9:13pm
4
Re: Anyone wanna buy this gem of a park - Posted by rise2it(VA)
Posted by rise2it(VA) on August 17, 2006 at 21:13:12:
From the ‘flyer’ document…
“Any park that is less than $15,000 a space in Augusta is a great deal even if the spots are all vacant.”
“Assume a $2700 a month mortgage” producing virtually no income, as-is.
LOL…Don’t take advice from a real estate agent who knows nothing about running a park.
The water is also all on one meter.
This one probably does have upside potential, IF you buy right.
import
August 17, 2006, 8:40pm
5
does it come w/ a membership to Augusta National? - Posted by Adam (IN)
Posted by Adam (IN) on August 17, 2006 at 20:40:52:
if so, sign me up
import
August 17, 2006, 6:30pm
6
Re: Anyone wanna buy this gem - Posted by Craig McCracken (AL)
Posted by Craig McCracken (AL) on August 17, 2006 at 18:30:51:
I would be scared of all the pine trees. They tend to snap fairly easy. Add to that the cost of reworking the roads.
Then again one might be able to pulp the trees to pay for road work.
