Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.2%
- Listing ID: 484700
- Posted On: Nov 17, 2014
- Updated On: Feb 19, 2015
Description
Located in Historic Santa Margarita, CA. This 50 space park is conveniently located approximately 10 minutes North of San Luis Obispo, CA.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Average MH Lot Rent: | $388 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $262,899 |
| Operating Expense: | $114,737 |
| Net Operating Income: | $148,162 |
| Expense Ratio: | 43.6 % |
Lot Information
| Singlewide Lots: | 44 |
| Doublewide Lots: | 6 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $0 |