Contact Information

Mobile Home Park Details

  • Price: $7,450,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.4%
  • Property ID: 934663
  • Posted on Jun 5, 2018

Property Description

Royal York Mobile Home Park is located in the City of San Bernardino, an all-age Mobile Home Community with (93) spaces, no-vacant pads and (24) park owned units. The park owned units are in very good condition with the majority being double wide units and valued at over $700,000. There are 60% double wide units in the park, and NO RV units. The Park is 100% occupied with long-term tenants. No swimming pool and park club house to maintain. Excellent onsite manager and maintenance person overseeing the property. Utilities are sub-metered and tenants are billed on usage for electric, water, sewer and gas. Tenants pay a $23.33 per month charge back for trash. City of San Bernardino water and sewer. Rent Control ordinance in place on the tenant owned units. A great long-term investment.. Call for information Duane Brazil 209-9886110

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Park Information

Community Type: All Age
Number of MH Lots: 93
Total Occupancy: 100.0 %
Year Built: 1979
Average MH Lot Rent: $392
Size: 10.5 acre(s)

Financial Information (Actual)

Gross Income $758
Operating Expense $352
Net Operating Income $405
Expense Ratio 46.4 %
Debt Info

Lot Information

Singlewide Lots: 38
Doublewide Lots: 55

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 24

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