Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.4% (Actual)
- Listing ID: 699259
- Posted On: Aug 23, 2016
- Updated On: Sep 7, 2017
Description
31-space Mobile Home Park + 1 house. 8.4% CAP RATE based on ACTUAL NUMBERS, not Proforma. Includes 13 park-owned MHs + 9 park-owned RVs. Tons of upside. With a moderate capital investment, the Cap Rate could be over 14%. (See attached Flier with Proforma). Well & Septic.
Location
Gorgeous tree-studded location backed up to a creek. Mostly level. Near the picturesque town of North Fork. "The Gateway to the Sierra National Forest". Close to Shaver Lake & recreation.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Average MH Lot Rent: | $360 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $140,186 |
| Operating Expense: | $64,376 |
| Net Operating Income: | $75,810 |
| Expense Ratio: | 45.9 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 22 |
| Average Rent for Park-owned Homes: | $500 |
