Contact Information

Mobile Home Park Details

  • Price: $995,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 4.8%
  • Property ID: 1496797
  • Posted On: Aug 13, 2021
  • Updated On: Nov 3, 2021

Property 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.

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

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 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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