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Shady Lane Mobile Home Park 2994 South Higuera Street, San Luis Obispo, CA 93401

Off Market  

Mobile Home Park Details

  • Purchase Method: Assumable Loan
  • Cap Rate: 6.5% (Actual)
  • Listing ID: 1435551
  • Posted On: May 8, 2021
  • Updated On: Jun 8, 2021

Description

15 Space MHP plus 3 Apartments

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Total Occupancy: 100.0 %
Year Built: 1949
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $241,620
Operating Expense: $79,990
Net Operating Income: $161,630
Expense Ratio: 33.1 %
Debt Info: Assume $1,480,000 1st at 4.25% fixed for 5 years, due in 15.

Lot Information

Singlewide Lots: 12
Park Model Lots: 3

RV Information

Number of RV Lots: 3
Average RV Lot Rent: $865

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $1,290

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