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Article - Why Buy a Mobile Home Park?

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Mobile Home Park For Sale In California

2617 N Sanguinetti Lane
Stockton, CA 95205
Average Lot Rent: $496
Average Home Rent: $550
Year Built: 1965

Price:  $995,000
Cap Rate: 10.7%

Mobile home park with a great location. 19 mh units (5 park owned), 5 apartments, 1 house. property has net operating income (NOI) of 104K. The cap rate is 10.7%. Property has undergone 75K in capital improvements in the last year. All city services, no rent control.

(Scroll Down To View Pictures)

Contact:

Bruce Davies
Partners Real Estate
3461 Brookside Rd Ste B
Stockton, CA 95219
Phone:  209-601-4538
Fax:       209-956-2960
www.brooksidebrokers.com



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Last Revised: June 23, 2008
 

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