Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.2%
- Listing ID: 1347291
- Posted On: Oct 28, 2020
- Updated On: Apr 4, 2021
Description
JTACR is pleased to present South Oaks Mobile Home Park for sale.
The 3.75 acre property has 24 spaces.
17 homes are park owned and 6 are tenant owned.
Exact breakdown is available with the full packet.
South Oaks MHP is located in Trinity County and offers individually metered electricity coupled with city water and sewer.
Contact us for full packet of information on this property.
Location
South Oaks MHP is located just over 2.5 miles S of Trinity and 20 miles NE, conveniently located .3 miles off of Highway 19.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 92.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $51,480 |
| Operating Expense: | $8,240 |
| Net Operating Income: | $43,240 |
| Expense Ratio: | 16.0 % |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $333 |
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