Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 10.3% (Pro Forma)
- Listing ID: 1547562
- Posted On: Nov 12, 2021
- Updated On: Dec 31, 2021
Description
Shastina Mobile Estates and RV Park. Huge upside in this property. Potential 15%+ cash-on-cash return. On-site maintenance man makes this a very easy property to operate remotely. Spacious sites with full utility hook-ups. Across from new Dollar General, offering convenient access to groceries & other daily needs. The park has 10.36 acres of land with 33 mobile home spaces and 12 park-owned coaches. The property is licensed for 19 mobile homes and 14 RV lots with the potential for an additional lot with clarification by Housing & Community Development. Do Not Disturb Tenants!
Location
Located off of Hwy 97 in Weed, CA
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 85.0 % |
| Size: | 10 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $240,360 |
| Operating Expense: | $81,333 |
| Net Operating Income: | $122,973 |
| Expense Ratio: | 33.8 % |
Lot Information
| Singlewide Lots: | 9 |
| Doublewide Lots: | 10 |
RV Information
| Number of RV Lots: | 12 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $900 |