Can I build a mobile home park?

You can’t build in decent locations today Virtually every city in the U.S. no longer allows new mobile home park construction. As a result, you’ll have to build a new park way out in the county, where nobody can block your project.

Who are the owners of mobile home park?

It was ROC USA and the Cooperative Development Institute who guided us through turning this run-of-the-mill mobile home park into a flagship resident-owned community. We could never have done it without them.

Are there any resident owned manufactured home communities?

We are big supporters of resident-owned manufactured home communities here at Mobile Home Living. If we had it our way, every park in the country would be resident-owned. It would help reduce the absentee investors that just want to collect checks and increase rent every year.

Where did you live in a mobile home?

It was time to downsize. Remembering only the good parts of mobile home living, we bought a home from a friend, found a lot in a park in Freeport, and set up housekeeping. For fifteen years we were happy tenants of the Freeport Housing Trust.

How much does it cost to build a mobile home park?

Let’s look at an example using completely arbitrary values: Let’s say you buy a mobile home park at $5 million. On average you receive a combined lot rent or occupancy rent of around $400 per month. If you have 100 homes or lots in your park that’s equal to $40,000 per month. That means you annually make around $520,000 on rent alone.

How does owning a mobile home park work?

Instead your ownership is comparable to being a stockholder owning interest in the entire community. The monthly fees are generally half of the lot rent fees paid on a land lease basis for those homes without a share. Cooperative properties are listed on the Multiple Listing Service or MLS along side conventional real estate.

Who are the owners of firs mobile home park?

At one house in the Firs Mobile Home Park in SeaTac, the kids watch cartoons as their mom, Martha Zamora, boils water for cinnamon tea. Zamora and her husband bought this place as newlyweds so they could be homeowners, she said.

Do you own your mobile home in Florida?

Resident owned mobile home parks and communities in Florida or manufactured home co-op share is ownership interest in the entire mobile home community. You do not own the land that your manufactured home is sitting on (known as fee simple, in traditional real estate).

Do you own the land of your manufactured home?

You do not own the land that your manufactured home is sitting on (known as fee simple, in traditional real estate). Instead your ownership is comparable to being a stockholder owning interest in the entire community. The monthly fees are generally half of the lot rent fees paid on a land leasebasis for those homes without a share.