Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 11.0% (Pro Forma)
- 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 |
Lot Information
| Singlewide Lots: | 2 |
| Doublewide Lots: | 1 |
| Park Model Lots: | 1 |
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 |
