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
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: Seller Financing
  • Cap Rate: 8.0%
  • Listing ID: 780150
  • Posted On: Jan 25, 2017
  • Updated On: Mar 29, 2017

Description

Running Springs Mobile Home park is located in Lakeport in northern California. Lake County is just above Napa Ca. and east of Mendocino Ca. We are located on the largest natural lake that is 100% in California. The park has 16 mobile home spaces that are full. It also has one large 1 bedroom block home that is rented and a mobile home that is owned by the park that is also rented. There is one additional building that could be converted to and additional rental. The sellers are in the process of doing a lot line adjustment that will remove most of the vacant land and they have adjusted the asking price accordingly. The sale will be subject to the lot line adjustment being completed. A map of the proposed new lot line is in with the photos

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 100.0 %
Year Built: 0
Average MH Lot Rent: $370
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $79
Operating Expense: $23
Net Operating Income: $56
Expense Ratio: 29.1 %

Lot Information

Singlewide Lots: 16

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $600

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