Hello everyone;
I have been a keen observer of this site for sometime and I find it is a wealth of information obtained from boots on the ground. I would like to ask opinions on facilities in really small rural towns,,,,I mean really small like under 1000 population. The opportunity provided would be that you would are the only facility within a 10 mile radius. I should also mention that this facility is only 50 units, it has asphalt paved driveways and is fenced and gated. Of course such a small facility could not support an on site Manager. I saved the best for last, only about 5 of the units are occupied, the property is extremely poorly managed, no website and non functional phone number. How do you place a value on such a property with a small population of 1000, such low occupancy and no room for growth in the near future ?
I have been a keen observer of this site for sometime and I find it is a wealth of information obtained from boots on the ground. I would like to ask opinions on facilities in really small rural towns,,,,I mean really small like under 1000 population. The opportunity provided would be that you would are the only facility within a 10 mile radius. I should also mention that this facility is only 50 units, it has asphalt paved driveways and is fenced and gated. Of course such a small facility could not support an on site Manager. I saved the best for last, only about 5 of the units are occupied, the property is extremely poorly managed, no website and non functional phone number. How do you place a value on such a property with a small population of 1000, such low occupancy and no room for growth in the near future ?
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