Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.3% (Actual)
- Listing ID: 4105103
- Posted On: Dec 1, 2023
- Updated On: Jul 3, 2024
Description
Elms MHP is 48 Spaces on 2.4 Acres
Infastructure and common areas have been upgraded:
-New Plumbing and City Water Connection
-New Laundry Room
-New Fencing Throughout [$50K)
-New Block Wall
Location
Indio, CA is located on the I-10 freeway that connects California to the rest of the Country. Major trucking transportation and a large farming community have long been established and Indio is also the location of the famous Coachella Music Festival.
Amenities
- Laundromat
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $513 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $357,336 |
| Operating Expense: | $136,426 |
| Net Operating Income: | $220,910 |
| Expense Ratio: | 38.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
