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: 6.0%
  • Listing ID: 1018670
  • Posted On: Dec 28, 2018
  • Updated On: Apr 30, 2019

Description

Beautifully maintained, 45 unit mobile home park on approximately 4.5 acres. No rent control.
Easy to manage property. Many residents have lived here since the 1980's. Laundry facilities on property. 42 units owned by park residents. 3 units owned by park owner. Water wells under property. Municipal sewer.
100% occupancy. Excellent cash flow. Will cooperate in a 1031 exchange.
Located in South Bishop. Minutes from central Bishop. 45 min. drive to Mammoth Lakes Ski resort.
Bishop is one of the most sought after communities in the Eastern Sierra Mtn. range. Great fishing, hiking trails, mountain climbing, etc. Beautiful destination vacation area.

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 45
Total Occupancy: 100.0 %
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $330,461
Operating Expense: $150,567
Net Operating Income: $179,893
Expense Ratio: 45.6 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: City