Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 11.0%
  • Listing ID: 1330266
  • Posted On: Sep 25, 2020
  • Updated On: Jan 23, 2021

Description

Unique opportunity to purchase small mobile home park on a well kept .42 acre parcel and a small portion of this parcel is I-1 where previous owners ran a small business, occupied the 4 bdrm manufactured home and rented out the other 2 units. Great income property completely fenced yard located in a cul-de-sac. Large workshop, plenty of parking and much more. Manufactured homes are not affixed, so easy to make changes. Owner will carry with 25% down. Please call for an appt.

Location

I-19 exit Valencia go east to 6th Ave/Nogales Hwy turn north (left) to Bilby go right (east) to Southland go right which will force you to the right into the cul-de-sac.

Amenities

  • Laundromat
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 4
Total Occupancy: 0.0 %
Size: 0 acre(s)

Financial Information (Pro Forma)

Gross Income: $40,800
Operating Expense: $12,240
Net Operating Income: $28,560
Expense Ratio: 30.0 %
Debt Info: Includes 30% of Gross

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $850