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Address is 906 State Highway 88 Jackson, CA 95642

Maureen Caldwellmeurer

Keller Williams Silicon City

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19 Unit Mobile Home Park

Manufactured Home Community for Sale in Jackson, California

906 State Highway 88
Jackson, CA 95642

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Sale Price: $1,250,000

Contact Information

Maureen Caldwellmeurer
Keller Williams Silicon City

Mobile Home Park for Sale

Size: 4.4 acre(s)
Cap Rate: 6.4%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 836423
Posted on: Jul 24, 2017
Updated on: Mar 05, 2018
Price: $1,250,000

Property Description

Units: 19 (2 are in process of remodel -- a 2-unit stick-built home);Plans for Duplex - Buildout approx $90000, Rent approx $2000-$2200
8 units are permanent stick-built homes owned by park. Monthly gross (upon completion of remodel): $11,620 + $950 utility bill back = Approx $12,500 Current gross income: $9,485 (utility bill-back process begins this month). - Nearing completion of $52,000 water filtration system. Property has own water system and septic system.

Park Information

Size:4.4 acre(s)

Financial Information (Actual)

Gross Income$80,361
Operating Expense$36,024
Net Operating Income$44,337
Expense Ratio 44.8%
Debt Info

Lot Information

Doublewide Lots:19

Utility Information

Water Paid By: Tenant - RUBs
Sewer:Treatment Plant

Park-Owned Homes

Number of Park-owned Homes:0
Average Rent for Park-owned Homes: $650

Amenities and Other

Laundromat: Yes
Storage: Yes