Contact Information
Neil Howard
Pine Grove Mobile Home Park
Mobile Home Park Details
- Price: $699,000
- Purchase Method: Seller Financing
- Cap Rate: 11.6% (Pro Forma)
- Listing ID: 6930708
- Posted On: Jun 27, 2025
- Updated On: Jun 29, 2025
Description
Beautiful family-friendly mobile home park in the heart of the peaceful Fall River Valley. This property consists of two adjacent parcels totaling 10.4 acres. The park includes 12 mobile homes, 1 single family home, 4 cabins and 2 RV spaces. In addition, there are 8 mini-storage buildings on site.
Electricity is sub-metered and the park has its own well for water supply. There are 5 well-maintained septic systems - all of them pumped within the last 4 years, the most recent being last year. A utility room attached to the house contains a coin-operated washer and dryer for resident use.
The two parcels include approximately 6 acres of tillable land and are zoned mixed use, suitable for residential, commercial or light industrial.
Location
Quiet family-friendly mobile home park in the beautiful Fall River Valley 75 miles northeast of Redding, CA, situated on 4 acres of pines and open space. Endless development opportunities on adjacent 6.4 acre parcel, included in this sale, zoned mixed use (residential, commercial, light industrial)
Amenities
- Laundromat
- Storage
Park Information
Number of MH Lots: | 12 |
Total Occupancy: | 100.0 % |
Year Built: | 1960 |
Average MH Lot Rent: | $400 |
Size: | 10 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $107,880 |
Operating Expense: | $27,124 |
Net Operating Income: | $80,756 |
Expense Ratio: | 25.1 % |
Debt Info: | No debt |
Lot Information
Singlewide Lots: | 10 |
Doublewide Lots: | 2 |
RV Information
Number of RV Lots: | 2 |
Average RV Lot Rent: | $400 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 5 |
Average Rent for Park-owned Homes: | $532 |