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Pasha Esfandiary and team at Evoke Capital nearly doubled the value of this mobile home park in just one year. Here's how they did it  👇 🏢 Property details - Purchased May 2022 - Huntsville, AL - 160-lot mobile home park (2 - 3 stars) - 76% occupancy 💸 Finances - Purchase price: $5,425,000 - Capital raised: $2,525,000 - Debt structure: 70% LTV, 4.4% fixed rate, 18 months I/O on 10 year term with 30 year amortization 💼 Business plan - Long term hold and continue to drive value via expense reduction and income growth via strategic rent increases - Infilled homes onto vacant lots - Renovated existing POH inventory to be sale and rent ready: flooring, kitchens, bathrooms, lighting, and plumbing - Increased occupancy to 94% 🍾 Results - Current valuation: ~$9 million - Projected preferred return: 8 - 10% - Projected IRR: 23.3% __________ If you have a deal you'd like to feature here and in our weekly newsletter to over 25,000 investors, leave a comment! #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #mobilehomepark

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Josh Weissenstein 🌳

Small Business Owner, Team Outsider | Campgrounds 🏕️ + Car Care 🚘 | Building a portfolio of exceptional service businesses by attracting and retaining top talent 📈

2mo

curious: what cap rate are you using for the current valuation?

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Michael Achillas

Real Estate Wealth Advisor To Fortune 500 CEOs, Entrepreneurs, and Foreign & Domestic Investors. Helping you get started through real estate investments and financing strategies.

2mo

Well done and congratulations to everyone involved

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Vincent Costa

Real Estate Broker & Regional Director Manufactured Housing

2mo

This is awesome. I have deals I'd like to feature in this space (mhp/rv)

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Thanks for sharing Pasha Esfandiary! Any other details you'd like to add?

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Ryan McKee

Manufactured Housing Specialist at NAI Martens Commercial Real Estate

2mo

Alex Segal this was an interesting one!

Eden Markowitz

COST SEGREGATION EXPERT- Helping investors save tons on taxes and increase cash flow 💸| Real Estate Investor 🏡🏣| Realtor

2mo

Amazing!!

Nita McClellan

Realtor, SFR CNE with United Real Estate Gallery

2mo

Congratulations Pasha!

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