OK OK, I know how some folks feel about rehabbing manufactured homes in a park. But folks, wait til you see the comps. This is one of the nicest, if not the nicest manufactured home parks in the NW. It even has a golf course! 

Welcome to Belmore Park! This gated 55+ active senior community offers a beautiful golf course, clubhouse, pool, sauna, and fitness gym. Values here for manufactured homes are the highest in the region (see comps below).

This is a 1991-built, 1536 sq ft home with 2 beds and 2 baths. The key to this house, is location! It does need a full cosmetic rehab. New flooring, new cabs, new counters, new paint (inside and out), etc. The only thing beyond cosmetic is a small area of some past water damage where subfloor needs to be replaced. Having sold a bunch of manufactured homes to some of you, I have learned you all keep your budgets lower than I would have projected! A rehab budget of $60,000 seems MORE than reasonable. 

ARV is projected to be around $275,000. Comps include the following all from this community:

Unit #62 - Sold for $330,000 - 2 bed, 2 bath, 1481 sq ft  ($223/ft)
Unit #77  -  Sold for $235,000 - 2 bed, 2 bath, 1052 sq ft  ($223/ft)
Unit #159 - Sold for $219,298 - 2 bed, 2 bath, 944 sq ft   ($232/ft)
Unit #78  -  Sold for $230,000 - 2 bed, 2 bath, 1052 sq ft  ($219/ft)
Unit #168 - Sold for $235,000 - 3 bed, 2 bath, 1600 sq ft (This one wasn't rehabbed)

Our anticipated ARV projects only $179/ft when all the other like-new homes are selling for well over $220/ft. Perhaps you will find value could even be higher when you are ready to sell.

Cast off all your notions of a manufactured home park. This one here, will shatter whatever you feel about parks. This home is at the right price in a wonderful community. The data supports that this project will do VERY WELL!

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