The Park currently has 41 RV spaces, 61 MH spaces, 1 RV (electric only). Park's Permit to Operate authorizes 110 spaces. See permit for further data. Purchase includes 2+ acres of vacant land for additional expansion. Such expansion would require modification of HCD Permit to Operate.
Price Update: 6-5-2019: Seller's Motivated. Financials in OM are ACTUAL. Monthly Updated Actuals available upon request.
Burton's Mobile Home & R.V. Park is a family owned investment. The family has done a huge amount of work on the infrastructure, rent roll, and accounting to prepare this property for sale.
They have had enormous growth over the last 18 months due to that effort and that shows through in the CAP rate and bottom line.
This is a turn-key operation for an investor; or an investment with great expansion potential depending on how hard the investor wishes to work.