Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 3350534
- Posted On: Jul 11, 2023
- Updated On: Sep 1, 2023
Description
Six Mobile Home Spaces on .66 Acre. Seller Does Not Own Any Of The Mobiles. Great Investment!! Low Overhead.. Long Term Residents. Easy, Passive Income! Seller's Rep is related to Seller. Currently Priced @ Approx. 8.34% Cap Rate, but will be Approx. 9.55% Cap Rate on 9/1/23 due to allowable rent increase of 14.6%. Addresses include: 92796, 92798, 92800, 92806, 92808 & 92812 Cooley Lane.
Location
Off Libby Rd to Southwest to Fruitdale to Cooley Ln
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $340 |
| Size: | 1 acre(s) |