Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 1283836
- Posted On: Jul 6, 2020
- Updated On: Jul 26, 2020
Description
49 unit Senior MH/RV Park. 98% occupancy. 36 Mobile Home spaces, 13 RV Permanent Spaces. 15 homes are Park Owned.
Location
Destination Location near Kern River. Easy walking distance to picturesque Kernville. Short drive from LA area and Bakersfield valley.
Amenities
- Laundromat
- Club House
- Handicap Accessible
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Park Information
| Community Type: | 55 And Over |
| Total Occupancy: | 98.0 % |
| Average MH Lot Rent: | $500 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $280,000 |
| Operating Expense: | $42,000 |
| Net Operating Income: | $238,000 |
| Expense Ratio: | 15.0 % |
| Debt Info: | $450,000 |
Lot Information
| Doublewide Lots: | 37 |
RV Information
| Number of RV Lots: | 13 |
| Average RV Lot Rent: | $450 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $480 |