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

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 10.0%
  • Listing ID: 466204
  • Posted On: Aug 21, 2014
  • Updated On: Nov 26, 2014

Description

8 Permanent Rental Units and 11 Mobile Home Spaces
The permanent rental units are stick built cottages. Some are one bedroom and one bath and some are two bedroom one bath. All units are on a month- to-month rental agreement.
Zoning is T2; Land Use Commercial, County Use Commercial Improved
4.37 Acres
GRM - 5.72; Cap Rate 9.95%
New Well and New On-Site Septic System
PG & E and Gas is Propane

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Year Built: 1930
Average MH Lot Rent: $500
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $103
Operating Expense: $28
Net Operating Income: $59
Expense Ratio: 27.2 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $600

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