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
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, Seller Financing, New Loan
  • Cap Rate: 7.5%
  • Listing ID: 784372
  • Posted On: Feb 10, 2017
  • Updated On: Dec 30, 2021

Description

99 HCD Permitted Sites (Driftwood (34): 32 RV Sites, 1 MH Site & 1 APT | River Inn (65): 41 MH & 1 SFR plus 15 Approved MH Sites & 7 Approved RV Sites) averaging 84% occupancy (MH, not including RV component) produces $120,000 in Net Income, offering a clean 8% cap rate! With only 74 current existing sites and 9.9 acres (2.69 & 7.21 acres), there is ability to expand an additional 23 spaces. 30 rentals are park-owned (1 Driftwood & 29 River Inn). Electric is Sub-Metered & Gas is Propane. Well & Septic and Private Trash. Seller will consider financing. Terms to be negotiated.

Click the Link for an Offering Memorandum: https://wwws.stagexchange.com/strattongroup/CA1

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

Park Information

Number of MH Lots: 99
Size: 9 acre(s)