Rundown manufactured properties can be an easy and lucrative investment.
Investing in a property with a rundown manufactured home may seem like a risky venture, but there’s hidden value waiting to be unlocked. The key is to assess whether the investment will not only enhance your cash flow but also contribute to your peace of mind.
Properties with dilapidated homes often sell for the land’s value alone. The advantage of a manufactured home lies in its transportability. Built on a steel beam chassis with axles and wheels, these homes can be easily moved to or from the property. Some are even double-wides, which can be split down the middle, making transportation a breeze.
“Investors can transform these properties into lucrative assets.”
By removing the old home and installing a new manufactured home, the property’s value more than tripled in one instance. Additionally, the rental income doubled, showcasing the financial benefits of this transformation. Replacing a rundown structure with a new, appealing home not only increases cash flow but also provides peace of mind.
New builds like our recent one promise more bedrooms and bathrooms. Such upgrades significantly enhance the property’s appeal, attracting tenants willing to pay higher rents.
Investing in properties with rundown manufactured homes can be a strategic move to unlock hidden value. If you have any questions, call or email us. We can provide valuable guidance on making informed investment decisions.
