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Leisure MHP 14870 Park Street, Clearlake, CA 95422

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 11.0% (Actual)
  • Listing ID: 373991
  • Posted On: Jun 3, 2013
  • Updated On: Nov 25, 2013

Description

12 Space MHP in Lake County California. 11.0% Cap Rate. Existing loan MAY be assumable and possible seller carry financing possible. 22.1% cash on cash including debt reduction in year 1. Resident manager in place. Call or email for APOD.

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Park Information

Number of MH Lots: 12
Total Occupancy: 91.7 %
Year Built: 0
Average MH Lot Rent: $325
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $46,800
Operating Expense: $23,109
Net Operating Income: $19,771
Expense Ratio: 49.4 %
Debt Info: $80,000 @ 8% payable $841.29

Lot Information

Singlewide Lots: 11
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0