Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 1049704
- Posted On: Apr 5, 2019
- Updated On: Oct 4, 2019
Description
Tony@ParkPlaceEdu.com 951-536-3891
Turn Key 20 Space mobile home park with upside potential for the new owner. Never raised the rents in 7+ years.
Purchase Price $449,000
Downpayment: $200,000
Seller Carry: $249,000
100% of the Due Diligence we have can be found on this link:
https://www.dropbox.com/sh/ybn1rwgnku5rfz0/AAC4tEub5iAdtVpBo1JkdbZqa?dl=0
Cottonwood MHP has a total of:
17 Tenant Owned Homes (Long Term Residents)
1 Vacant Home
1 Vacant Space ready for a new home
1 Apartment Rented Out
Park is licensed for 20 spaces.
Nearly 100% of the residents have lived there for 10+ years.
100% Tennant Owned Homes
Residents have been trained to deposit rents directly to Wells Fargo (a few blocks from the park).
Very high percentage of farm workers / Spanish speaking (Excellent at paying).
Contact Tony Ferris
Tony@parkplaceedu.com
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $255 |
| Size: | 2 acre(s) |
Lot Information
| Singlewide Lots: | 19 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $255 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |