Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 9.4%
  • Listing ID: 2963211
  • Posted On: May 19, 2023
  • Updated On: Nov 20, 2023

Description

Mountain View Manor is a diverse, all-age community in the serene town of Weed, California. Located at 737 S Weed Blvd, the property comprises 30 total units, including 15 mobile home sites, 12 cabins, and 3 RV sites. Nestled in the Cascade Mountains, Weed is renowned for its views of Mount Shasta and the thriving local lumber industry. The town offers a rich history and opportunities for outdoor activities, including hiking and fishing. The community benefits from a strong local economy. Key employers include the College of the Siskiyous (223 Employees), one of the area's leading educational institutions, and Roseburg Forest Products (3,400 Employees), a leader in the timber industry. Additionally, the tourism sector provides ample employment opportunities, thanks to the area's popular attractions and natural beauty. With its central location Mountain View Manor is steeped in nature, history, and community spirit. This tranquil community is a unique value add opportunity in a desirable Northern California market.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 33.3 %
Average MH Lot Rent: $500
Size: 2 acre(s)

Financial Information (Pro Forma)

Net Operating Income: $140,929
Debt Info: Seller Financing: 15% down payment ($225,000), 7.5% interest rate, 5-year interest-only, 15-year principal and interest, 20-year term, 30-year amortization, no prepayment penalty.

RV Information

Number of RV Lots: 3

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $565

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