Frontier Hills MHP - for Sale in Southwest Shasta, California
Mule Town Rd
Southwest Shasta, CA 96001
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Mobile Home Park for Sale |
|
| Number of MH Lots: | 28 |
| Size: | 9 acre(s) |
| Cap Rate: | 6.7% |
| Purchase Method: | Cash |
| Status: | Active |
| Property ID: | 120637 |
| Posted on: | Feb 17, 2012 |
| Updated on: | Feb 17, 2012 |
| Price: | $1,099,000 |
Property Description
This senior park is located 3 miles west of Redding in a ranchette type of community. it is served by city water and septic. The park is approved for 28 mobile homes and a duplex. Currently there are only 3 vacancies. This 9 acre property also includes a laundry, garage and storage buildings.
Park Information
| Number of MH Lots: | 28 |
| Total Occupancy: | 90.0% |
| Year Built: | 1966 |
| Average MH Lot Rent: | $335 |
| Size: | 9.0 acre(s) |
Financial Information
| Gross Income | $126 |
| Operating Expense | $52,592 |
| Net Operating Income | $73,669 |
| Expense Ratio | 41739.7% |
| Debt Info |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
Amenities and Other
| Laundromat: | Yes |
| Storage: | Yes |
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