Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Manufactured Home Community

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 5.8%
  • Listing ID: 102810
  • Posted On: Aug 26, 2011
  • Updated On: Oct 30, 2017

Description

Royal Palms Mobile Home Park is a beautiful, well maintained 55+
community. Residence enjoy the 1,400 square foot clubhouse with
kitchen, billiard room, library, with pool and laundry facilities. The 3 star
community has approximately 80% retired residence. Centrally located
close to shopping, churches and schools with easy freeway access to
Visalia (9 miles away) and Fresno. Only one park owned home for the
manager. Included in the sale but not calculated in the income are 5
seller carry back notes on homes with a annual total income of $6,730
and a balance of approximately $10,500.

Location

Centrally located close to shopping, churches and schools with easy freeway access to Visalia (9 miles away) Bakersfield and Fresno.

Amenities

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

Park Information

Community Type: 55 And Over
Number of MH Lots: 96
Total Occupancy: 96.0 %
Year Built: 1960
Average MH Lot Rent: $400
Size: 9 acre(s)

Financial Information

Net Operating Income: $280

Utility Information

Water: City
Sewer: City