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Address is 5300 Route 66 Needles, CA 92363

Douglas Danny

MARCUS & MILLICHAP

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Desert View RV Park

Mobile Home Community for Sale in Needles, California

5300 Route 66
Needles, CA 92363

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Sale Price: $1,700,000
 

Contact Information

Douglas Danny
MARCUS & MILLICHAP

Mobile Home Park for Sale

Number of MH Lots: 20
Size: 7.5 acre(s)
Cap Rate: 9.0%
Purchase Method: New Loan
Status: Active
Property ID: 663020
Posted on: May 05, 2016
Updated on: Oct 17, 2017
Price: $1,700,000

Property Description

66 site RV/mobile home resort with 37 pull-through sites, 20 mobile home/park model sites, and nine standard RV sites. 7.5 acres, 8.8 sites per acre and full amenity package. Well and septic served.

Park Information

Number of MH Lots:20
Year Built:2000
Average MH Lot Rent: $385
Size:7.5 acre(s)

Financial Information (Actual)

Gross Income$281,337
Operating Expense$128,240
Net Operating Income$153,097
Expense Ratio 45.6%
Debt Info$75,000 defeasance upon payoff. The loan may not be assumable.

Lot Information

Singlewide Lots:20

RV Information

Number of RV Lots:46
Average RV Lot Rent: $355

Utility Information

Water:Well
Water Paid By: Park
Sewer:Septic

Amenities and Other

Laundromat: Yes
Pool: Yes
Club House: Yes
Storage: Yes
Handicap Accessible: Yes