Aerial Photo
Sign and Entrance
Clubhouse
Upgraded Kitchen
Swimming Pool
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
RV Storage
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.5%
- Listing ID: 685328
- Posted On: Jul 7, 2016
- Updated On: Nov 2, 2017
Description
The Palms Mobile Estates and Storage is a 98-site mobile home park built in or about the 1970's and is situated on approximately 9.32 acres. Gas and electric are directly billed and paid by the residents. Water, trash and septic is paid by the landlord. The Palms includes an office, clubhouse, swimming pool and a laundry room. There are currently 22 vacant spaces and 6 park owned homes.
Location
The Palms is located in the city of Hemet, in Riverside County.
Amenities
- Laundromat
- Pool
- Club House
- Storage
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 98 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $362 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Net Operating Income: | $205,189 |
Lot Information
| Doublewide Lots: | 98 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $410 |
