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 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 Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.5%
  • Listing ID: 618818
  • Posted On: Jan 13, 2016
  • Updated On: Aug 26, 2016

Description

The Big Bend Mobile Home Park is located in the community of Yankee Hill in the Oroville foothills. Besides this being a spacious 33 space park, it also includes 2 stick built duplexes (3bed/2bath + 2bed/1bath) & (1bed/1bath + studio/1bath), and a 1 bedroom cabin with a detached 2 car garage. A brand new 30 gallon per minute $100K well was just installed, and the parks water and distribution lines were also recently replaced. The park sits on over 20 acres, and there was once a expansion proposed to bring it over 60 spaces. Great opportunity in this property.

Contact Broker Michael Zuccolillo at 530-521-4576/cell or email mike@gosimplistic.com

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 80.0 %
Year Built: 1962
Average MH Lot Rent: $335
Size: 22 acre(s)

Financial Information (Actual)

Gross Income: $132,400
Operating Expense: $41,000
Net Operating Income: $91,400
Expense Ratio: 31.0 %

Lot Information

Singlewide Lots: 2
Doublewide Lots: 31

Utility Information

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

Similar Mobile Home Parks for Sale