Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.0%
  • Listing ID: 444138
  • Posted On: May 13, 2014
  • Updated On: Oct 19, 2020

Description

See attached Executive Summary: HUGE UP SIDE POTENTIAL IN THIS PARK. SELLING NO BLUE SKY. The park consists of 12.6 acres total. 113 spaces various lot sizes, 24-park owned homes, asphalt roads, city water , sewer is a Permitted Waste Treatment Facility located on site. 38-spaces are occupied of that 24-spaces occupied by park owned homes.

Income units consist of 113 Lots and 24-homes for a total of 137 income producing units.

The park is located on 12-deeded acres, no zoning restrictions, roads are asphalt, water is rural and is sub metered tenant paid, sewer is a permitted activated sludge system there is licensed operator the operators fee is $400.00 per month, electric is sub metered tenant paid, gas is sub metered tenant paid, lot sizes average 35 x 80, small portion of park is in 100 year flood zone, 5-spaces will accept RV's, amperage to sites 100 to 200 AMP. Pittsburg population 62,000 +/-, households 25,000 +/-, average income $38,000 +/-, 94% white, 1.12% black, 4.9% other, median housing value $56,000 +/-, employees 25,000 +/-.
Average market rent for lots $170 to $200, average C,D & F rental single and multi-family $250 to $650.
Sign and return the attached CA for income and expense 2012 to June 2015.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 113
Total Occupancy: 21.0 %
Size: 12 acre(s)

Financial Information

Gross Income: $120,864
Operating Expense: $79,758
Net Operating Income: $41,106
Expense Ratio: 66.0 %

RV Information

Number of RV Lots: 13
Average RV Lot Rent: $200

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Treatment Plant

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