Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Purchase Method: Cash
  • Cap Rate: 1.4%
  • Property ID: 1187075
  • Posted On: Feb 4, 2020
  • Updated On: Feb 4, 2020

Property 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

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