Jerry Solo
Hobbs, NM (USA)
Role(s):
Founder/Owner/Principal
Solo Enterprises
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Startup
Location:
Hobbs
Industry:
Real Estate
Year Founded:
2008
Number Employees:
1-10 people
Description:
There is a Mobile home park owned by a widow. She is an absantee landlord and she is giving her last interest in running business. The park has 33 spots and only half of the spots are rented out. The park has a 2000 square foot home in living condition. The home is the key to getting fiananced for the property.
The women is selling the home and mobile home park for a $310,000.00 with a current cashflow of $4500 per month. This is with only half the lots occupied and parking rent at $150.00 per lot. This is well under the city average.