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Royal Plams Mobile Home Park - for Sale in Tulare, California
560 West Pleasant Avenue
Tulare, CA 93274
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This Mobile Home Park is Sold
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Mobile Home Park for Sale |
|
| Number of MH Lots: | 96 |
| Size: | 8.9 acre(s) |
| Cap Rate: | 5.8% |
| Purchase Method: | New Loan |
| Status: | Sold |
| Property ID: | 102810 |
| Posted on: | Aug 26, 2011 |
| Updated on: | Mar 26, 2012 |
Property Description
Royal Palms Mobile Home Park is a beautiful, well maintained 55+
community. Residence enjoy the 1,400 square foot clubhouse with
kitchen, billiard room, library, with pool and laundry facilities. The 3 star
community has approximately 80% retired residence. Centrally located
close to shopping, churches and schools with easy freeway access to
Visalia (9 miles away) and Fresno. Only one park owned home for the
manager. Included in the sale but not calculated in the income are 5
seller carry back notes on homes with a annual total income of $6,730
and a balance of approximately $10,500.
Location Description
Centrally located close to shopping, churches and schools with easy freeway access to Visalia (9 miles away) Bakersfield and Fresno.
Park Information
| Number of MH Lots: | 96 |
| Total Occupancy: | 96.0% |
| Year Built: | 1960 |
| Average MH Lot Rent: | $400 |
| Size: | 8.9 acre(s) |
Financial Information
| Net Operating Income | $280 |
| Debt Info |
Utility Information
| Water: | City |
| Sewer: | City |
Amenities and Other
| Laundromat: | Yes |
| Pool: | Yes |
| Club House: | Yes |