Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 10.2%
- Listing ID: 460265
- Posted On: Jul 25, 2014
- Updated On: Dec 20, 2014
Description
Unique investors property where lots of possibilities exist. There are currently four mobile homes with separate yards, decks, and storage sheds. Projected rents are $3,000. per month. One is currently owner occupied and one is being remodeled. Property is located close to freeway for easy access, plenty of off street parking. Unit number four is a 2004, owner occupied, in beautiful condition, fenced yard, landscaped, and more! As per county, zoning is R-1.
2 uncovered parking spaces per unit + guest parking. Owners are retiring and leaving the area
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 4 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $700 |
| Size: | 0 acre(s) |
Financial Information (Actual)
| Gross Income: | $36,000 |
| Operating Expense: | $7,636 |
| Net Operating Income: | $28,364 |
| Expense Ratio: | 21.2 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 1 |
| Doublewide Lots: | 3 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $700 |