Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 4.8%
- Listing ID: 1496797
- Posted On: Aug 13, 2021
- Updated On: Mar 17, 2022
Description
42 Lots
2.68 Acres
17 Owner Occupied @ 450
*rent has not been raised in years*
25 Vacant Lots
City Water/City Sewer
Seller-Financing Available!!
MSA of 200,000+
Have a Park to Sell ?
We want to help!
Contact Frank at 727-592-2418
info@birchrealty.com
Ask about our Pocket Listings!
Location
The Coachella Valley is best known as the location of several wintertime resort cities, especially Palm Springs, that are popular destinations for snowbirds—people who live in cold climates and seek out warmer weather during the winter. The valley is also known for a number of annual events, including the Coachella Valley Music and Arts Festival, the Stagecoach Country Music Festival, and the Riverside County Fair and National Date Festival, all held in Indio Just miles away.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 38.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $450 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $112,978 |
| Operating Expense: | $65,829 |
| Net Operating Income: | $47,149 |
| Expense Ratio: | 58.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
