For more information please call Gorial Realty LLC at 1-(866) 66 PARKS 1-(866) 667-2757

A "D-" Park is:       

A "D-" is a community that is typically old and a diminishing return type property. you will more than likely see dirt roads, gravel roads, in a D- community. Small lot sizes are common here and there is typically not a lot of room to get homes in and out.  Pads in this community are typically out of date as they may be grand fathered in from when the community was originally built. Electricity in this community more than likely is out of date almost always on the lots that are not occupied and this may very well be the case on lots that are occupied. The lots that are occupied could have out of date electric facilities as the tenant occupying such a lot has been there for several years. What happens is, time goes by and overtime ordinances change. Sooner or later the electrical infrastructure that supplies the home is not up to par. Something to be extra cautious of in the case of a rental park or a park with rentals. In the case of a primarily owner occupied park the number of updated lots with respect to electricity is an indicator as to the historical fill rate as most towns will require the out of date lot to be brought up to the current codes or standards when one home leaves and another comes in. This park will typically not have sidewalks, most homes in this mobile home park for sale will have homes older than thirty years old. This community possess a below average occupancy and payment history, however in the case of a D- community, you may very well be looking at a D community that has units that have junk laying around everywhere, vehicles in need of repair, and rubbish such as an abandoned mattress or abandoned furniture. This community will almost always have a high expense factor, if it does not, you better double check those numbers. You will notice in this case and communities with a rating of this caliber and less that the customer balance summary is typically top heavy as many tenants will fall behind in paying rent. There is nothing wrong with owning a community like this as long as you know what you are getting yourself into. This park will more than likely have older water lines and older sewer lines in most cases as the owner and the tenants thinking is somewhat in line, "if it's not broken, then don't fix it" or worse yet, "if the authorities do not force me to make the upgrade then why upgrade", the devastating thought process in D and D- and less rated type communities which is almost impossible to turn around without making serious changes and often evicting several tenants. There are usually no amenities in a "D-" park. You will see many units with missing skirting in this type of community. You will notice some broken windows, lots of cats, junk tires and car parts, and so on. You always need to make sure you understand the hidden expenses in this type of community. The key to doing this is to perform a good due diligence.

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For more information please call Gorial Realty LLC at 1-(866) 66 PARKS 1-(866) 667-2757