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Price Slashed! Oro Lake Mobile Home Park 3425 Orange Avenue, Oroville, CA 95966

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.7% (Pro Forma)
  • 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
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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