Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.6%
- Property ID: 1896233
- Posted On: Sep 27, 2022
- Updated On: Feb 6, 2023
Description
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Land Size: 2.06 Acres
Type of Park: All Age Community
# of Spaces: 21 mobile home spaces
Utilities: Electric is Direct, Gas is SubMetered, Water is Sub-Metered, Trash and
Septic a flat fee; all are paid by Tenants.
Amenities: Laundry Room and Storage.
• New Roof on Laundry Room
• Added 3 New Storage Units
• Solar Lighting Installed
Throughout
• New Park Signage
• Turnkey Investment
• Easy Management
Location
Morongo Valley is a census-designated place (CDP) on State Route 62 in San Bernardino County, California, United States. The population was 3,552 at the 2010 census, up from 1,929 at the 2000 census. The town is bordered by Yucca Valley, California.
Amenities
- Laundromat
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1959 |
| Average MH Lot Rent: | $425 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income | $121,609 |
| Operating Expense | $37,004 |
| Net Operating Income | $84,606 |
| Expense Ratio | 30.4 % |
| Debt Info |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Video
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