Contact Information

John Power
Property Professionals

Mobile Home Park Details

  • Price: $1,600,000
  • Cap Rate: 5.0%
  • Property ID: 1929541
  • Posted On: Nov 8, 2022
  • Updated On: Jan 13, 2023

Property Description

Mobile Home Park covering 4 lots-923 Garner Ave: approx -44,175 SF, -923 Goleta Way: approx 27,150 SF, -913 Goleta Way: approx 8,030 SF -903 Goleta Way: approx 7,950 SF , utility infrastructure in place, zoned mixed use, MX-C

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 65.0 %
Average MH Lot Rent: $600
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income $156,000
Operating Expense $75,000
Net Operating Income $81,000
Expense Ratio 48.1 %
Debt Info

Utility Information

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

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