Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.7%
- Listing ID: 412808
- Posted On: Oct 30, 2013
- Updated On: Aug 27, 2014
Description
A thirty five space park in Oroville, CA. Easy to access and very close to retail services. Additional Building with laundry facility, Two + acres additional land and centralized mailbox also included in the sale. Great location in a high demand market.
Please open the attachment entitled "3425 Orange" for a full P&L, Rent Roll and other details. Thank you.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1949 |
| Average MH Lot Rent: | $258 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $123,312 |
| Operating Expense: | $34,108 |
| Net Operating Income: | $79,584 |
| Expense Ratio: | 27.7 % |
| Debt Info: | No Debt - Seller Finance Available |
Lot Information
| Singlewide Lots: | 23 |
RV Information
| Number of RV Lots: | 12 |
| Average RV Lot Rent: | $258 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |