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

Property 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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