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Mobile Home Park Details

  • Price: $1,995,000
  • Cap Rate: 12.9%
  • Property ID: 1736787
  • Posted On: Aug 17, 2022
  • Updated On: Aug 17, 2022

Property Description

6 Spectacular Units on 4.52Acre Lot. Additional 2.41Acre Lot is also available for an additional price ($200,000-$395,000). 5 – 2BR,2BA Modern Manufactured Homes plus 1-Frame/Stucco Office Bldg. APN: 321-110-07-00. Extraordinary “Value Add” Upside Potential. Adjacent Additional R-1, 2.41 Acre Lot APN: 278-200-17-00. Incredible Ocean and Mountain Views, Wide Open Big Sky. Panoramic Views “Starry Lit Nights”. Boundary Lot Adjustments are currently in process to enable much faster building permits. Upon Successful Boundary Lot Adjustment Approval, Unit Lot will be 2.58Acres and Residential Lot will be 4.35Acres.

Location

To:
From HWY 15, Take Poway Rd. East approx. 12 Miles to HWY 67. Turn left and proceed 1 mile to the first left.

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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 100.0 %
Year Built: 20042005
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $151,822
Operating Expense $59,753
Net Operating Income $93,069
Expense Ratio 39.4 %
Debt Info

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