Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.2%
  • Listing ID: 4105094
  • Posted On: Dec 1, 2023
  • Updated On: Jul 3, 2024

Description

Thermal MHP is 42 Spaces on 2.12 acres
Infastructure is New:
-New Electric
-New Plumbing
-New Asphalt Roads
-New Playground
All mobile homes are owned by the tenants

Location

Thermal, CA is a strong farming community that has been up-and-coming with new development for years. Located in the Coachella Valley near Indio, Coachella, Palm Springs, and La Quinta.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 100.0 %
Year Built: 1963
Average MH Lot Rent: $542
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $347,731
Operating Expense: $124,319
Net Operating Income: $223,412
Expense Ratio: 35.8 %

Utility Information

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

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