Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.0%
- Listing ID: 1107305
- Posted On: Jul 15, 2019
- Updated On: May 20, 2020
Description
24 space single-wide park sitting on 5 acres in Anderson CA. Varying occupancy due to absentee owner offers extreme value add component. Current Cap on existing income is 9%. Current occupancy is 16 homes, 5 RVs, 4 vacant pads. All pads set up for Homes, ownership has allowed RVs to fill vacancy on short term leases . Additional income opportunity through Laundry facility, and utility recapture. Please inquire for additional information.
Location
Perched on a serene hill with views as far as the eye can see, this mobile home park located in Anderson, California has tremendous upside potential with extreme value add opportunity. The proximity to schools, recreation and retail make this an ideal location for investment or owner / occupied opportunity.
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 88.0 % |
| Year Built: | 1963 |
| Average MH Lot Rent: | $382 |
| Size: | 5 acre(s) |
Lot Information
| Singlewide Lots: | 24 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | Well |
| Sewer: | Septic |