Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Manufactured Home Community
Photo of Manufactured Home Community
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 Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 8.0%
  • Listing ID: 461375
  • Posted On: Aug 4, 2014
  • Updated On: Feb 12, 2015

Description

Steady Income with Huge Upside. Increase Pad Count and attract more RVs too for greater potential.
-10 Acres of land in high desert
- 30+ pads and duplex. CAN BE 80 PADS!!
-Two Park owned Single Wide's.
- 500 gallon water tank, 400 amp power with 4 sub panels feeding to lots and 4 septic systems.
- Alkaline well with great pressure
- Zoned for rural commercial and multifamily. Front 5 acres can be stores, cafes, or more spaces. Buyer to investigate.

Tenants pay for Trash, Electric, and Water

Pads range in rent from $170 - $300
Current rent roll:

Space 1 Being vacated
Space2. Being vacated presently with space 3
Space3 Being vacated presently with space 2
Space4. Rented $225.00 as of 9/1/14
Space5. Rented $425.00
Space6. Vacant
Space7. Rented. $300.00
Space8. Vacant.
Space9. Rented $350.00 as of 11/1/14
Space10. Day rental only $25.00 a night
Space11. Day rental only $25.00 a night
Space12. Office
Space13. Vacant.
Space14. Rented since 1990: $170.00
Space15. Rented since 1990: $170.00
Space16. Rented $325.00, includes storage fee
Space17. Vacant
Space18. Vacant lease expired
Space19. Vacant
Space20. Rented since 1995: $170.00
Space21. Off rolls per housing and community development
Space22. Contract pending as of 11/1/14 : $380.00
Space23. Vacant, yearly contract expired 7/1/14
Space24. Vacant, yearly contract expired 7/1/14
Space25. Rented since 2004: $170.00
Space26. Rented $300: 3 year contract desired with advance payment
Space27. Rented since 2000: $370.00, includes storage and pet fee
Space28. Rented since 1998: $170.00
Space29. Rented since 7/1/14 $300.00
Space30. Rented since 4/2009 $350.00,includes $50 past due balance payment
Condo. Vacant as of 10/1/14 due to death in family in England/ rented for $350
House. Being remodeled/3bedroom and one bath/ rents for $725.00

Current total per month is $3,795.00 Not including tenant paid utilities.

INVESTMENTS:
----------------------
$25,000 was recently invested in roofing and stuccoing house 1200 sq/ft
$12,000 was invested over the past year putting up wood fencing
$2500.00 was invested upgrading the septic system
$1000.00 invested upgrading three electrical panels.
$2000.00 invested in June 2014 putting 8'security cameras
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Location

-Main Road Frontage
-Over 5 acres cleared for More
-Solar Potenial
-Alkaline Well with Great Pressure
-Good Income at 1/2 potenial
-Great Over Night RV Parking
-Tenants Pay all Utilities
-Tenants Pay High Speed WiFi

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 60.0 %
Average MH Lot Rent: $140
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $60,000

Lot Information

Singlewide Lots: 30

RV Information

Number of RV Lots: 10
Average RV Lot Rent: $190

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $350

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