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
Photo of Multi Family Housing
Photo of Mobile Home Park
Photo of Multi Family Housing
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, Assumable Loan
- Cap Rate: 15.0%
- Listing ID: 541300
- Posted On: Jun 8, 2015
- Updated On: Oct 25, 2015
Description
This is a 45 space park AND one Home, 3bed, 2 bath located on the water, used as a vacation rental. ( the Lagoon House )
Large Recreation Room, Laundry and Bathrooms, 4 boat docks.
Approx.. half the homes are park owned. Average rents of $395/ mo. Six of the park owned homes are 'Rent to Own' , with more possible
The park has city water with its own septic system. Fully sub-metered electricity. Trash and water billed at a flat rate.
Park just passed its 10year County inspection.
We average one new tenant each month due to aggressive marketing on Craig's List and people escaping California's high rents. Out of town owner must sell due to health issues and age.
$300k assumable loan, $200k cash min. remaining owner financed
Amenities
- Laundromat
- Storage
- Club House
- Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 45 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $220 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $138 |
| Operating Expense: | $53 |
| Net Operating Income: | $84 |
| Expense Ratio: | 38.4 % |
Lot Information
| Singlewide Lots: | 35 |
| Doublewide Lots: | 9 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $25 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $395 |
