Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 1.4%
- Listing ID: 1187075
- Posted On: Feb 4, 2020
- Updated On: Apr 3, 2020
Description
13-space mobile home park in an excellent neighborhood in Tracy, 20 minutes from the Bay Area. 6 spaces full now, 7 vacant spaces to fill for upside. Park has 9 MH spaces and 4 RV spaces. Space Rent runs $600-$800/month. Subdivided into 4 parcels already. Zoned high-density residential, so could be developed into condos or apartments. Rare find, won't last!
Location
On the corner of Holly Drive and Kavanagh Street in nice residential neighborhood in Tracy, across from the North Elementary School.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 46.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $640 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $48,253 |
| Operating Expense: | $31,168 |
| Net Operating Income: | $17,085 |
| Expense Ratio: | 64.6 % |
| Debt Info: | Private Loan $300K, not assumable |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
