Contact Information

Mobile Home Park Details

  • Price: $980,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Property ID: 1107305
  • Posted on Jul 15, 2019

Property Description

24 space single-wide park sitting on 5 acres in Anderson CA. Varying occupancy due to absentee owner offers extreme value add component. Current Cap on existing income is 9%. Current occupancy is 16 homes, 5 RVs, 4 vacant pads. All pads set up for Homes, ownership has allowed RVs to fill vacancy on short term leases . Additional income opportunity through Laundry facility, and utility recapture. Please inquire for additional information.

Location

Perched on a serene hill with views as far as the eye can see, this mobile home park located in Anderson, California has tremendous upside potential with extreme value add opportunity. The proximity to schools, recreation and retail make this an ideal location for investment or owner / occupied opportunity.

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: 24
Total Occupancy: 88.0 %
Year Built: 1963
Average MH Lot Rent: $382
Size: 5.0 acre(s)

Lot Information

Singlewide Lots: 24

Utility Information

Water: Well
Sewer: Septic

Similar Mobile Home Parks for Sale