Contact Information

Mobile Home Park Details

  • Price: $1,340,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.5%
  • Property ID: 1092357
  • Posted on Jun 10, 2019

Property Description

*Excellent opportunity to acquire a stable, well-maintained Mobile Home Park*

Sutter Pines Mobile Home Community is nestled in the foothills of Jackson, CA near Sutter Medical Hospital, Mule Creek State Prison, Jackson Rancheria Casino & Resort, newly constructed Harrah's Casino & Resort, and Wineries.

Sutter Pines is a 100% leased community situated on 4.37 acres and features 19 units which are comprised of (8) Cottage/SFR dwelling units owned by Sutter Pines and (11) Mobile Home/RV Pad spaces. The ownership has made significant capital improvements. The water treatment system has been replaced within the past two years, a duplex has been newly built, and new electrical meters have been added so that tenants are fully responsible for utility payment. As well, the park has seen upgrades to landscaping, signage, paving and storage.

Sutter Pines is separately metered for electrical, propane is provided by a 3rd party paid by tenants through metered use, RV and Mobile Home spaces all have utility hook-ups. Water, water treatment, and sewer/septic is paid by Owner, with RUBS bill back to tenants.

Sutter Pines is ideal for an investor seeking a low maintenance property, with solid cash-flow, and a great mix of dwelling units to compliment the pad spaces.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Year Built: 1930
Average MH Lot Rent: $670
Size: 4.4 acre(s)

Financial Information

Gross Income $157
Operating Expense $52
Net Operating Income $100
Expense Ratio 33.1 %
Debt Info

Lot Information

Singlewide Lots: 3

RV Information

Number of RV Lots: 7
Average RV Lot Rent: $495

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $893

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