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Address is 2250 Chestnut Ave. San Bernardino, CA 92410

Duane Brazil

Commercial Real Estate Investors

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Royal York MHP

Mobile Home Community for Sale in San Bernardino, California

2250 Chestnut Ave.
San Bernardino, CA 92410

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Sale Price: $7,995,000

Contact Information

Duane Brazil
Commercial Real Estate Investors

Mobile Home Park for Sale

Number of MH Lots: 93
Size: 10.5 acre(s)
Cap Rate: 4.6%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 934663
Posted on: Jun 05, 2018
Updated on: Jul 13, 2018
Price: $7,995,000

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 Dan Ortiz (209) 605-1921 or email: dortiz@cricommercial.com

Park Information

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$722
Operating Expense$352
Net Operating Income$370
Expense Ratio 48.8%
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
Average Rent for Park-owned Homes: $860