Contact Information

Mobile Home Park Details

  • Price: $2,750,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.7%
  • Property ID: 1254392
  • Posted On: May 11, 2020
  • Updated On: May 12, 2020

Property Description

White Rock Resort is located in the unincorporated area of Smith River in Del Norte, County, CA. The property sits on the Pacific Ocean coast providing Park Model Cabins with a spectacular ocean view on the north and south ends of the property. The resort was originally constructed in 1994 with completion and installation of the modular units in 1997. Each unit is beautifully landscaped and maintained by community management. Coastline views and beach access make this a rare opportunity for an investor to acquire a stabilized trophy asset.

This community does not include any park owned homes. The average lot rent at White Rock Resort is $844 / month, including cable, water, sewer, and trash pick-up. Electricity is billed back to tenants at a flat-rate fee of $128 / month. Gas is billed directly to tenants from a local propane company.

Property Tours:

- For the easiest route to White Rock Resort take Oakland Airport (OAK) to Del Norte Regional Airport at Jack McNamara Field (CEC). Jack McNamara Field is a commercial airport with daily flights to and from Oakland International Airport (OAK) provided by Contour Airlines.

- Site Link - https://www.contourairlines.com/en-us/

Location

White Rock Resort is located off the US – 101 in Northern California approximately 1-mile south of the Oregon border.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 100.0 %
Year Built: 1994
Average MH Lot Rent: $703
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $279,302
Operating Expense $94,229
Net Operating Income $185,073
Expense Ratio 33.7 %
Debt Info

Lot Information

Park Model Lots: 27

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

Video

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