Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 6.0%
  • Listing ID: 1494876
  • Posted On: Aug 11, 2021
  • Updated On: Nov 18, 2021

Description

Shady Rest Mobile Home Park is an all-age community comprised of 23 total spaces situated in the City of Oroville in Butte County, CA. The property is located to the east of CA Route 70, within minutes of downtown Oroville and only a 1 hour 20 min drive to Sacramento. The most notable attraction in Oroville is Lake Oroville which is a short 12- minute (6.3 mi) drive from the property. Lake Oroville and the surrounding areas offer recreational activities throughout the year, including skiing, sailing, swimming, fishing, and camping. Shady Rest MHP is a unique opportunity to acquire a fully occupied property in one of the fastest-growing cities in Northern California.

To receive an Offering Memorandum, please reach out to Tim Ryan, Vice President of Investments at CRI Commercial
(310) 862-6103 | tryan@cricommercial.com

Location

The property is located to the east of CA Route 70, within minutes of downtown Oroville and only a 1 hour 20 min drive to Sacramento.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 100.0 %
Year Built: 1946
Average MH Lot Rent: $279
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $162,029
Operating Expense: $89,955
Net Operating Income: $72,074
Expense Ratio: 55.5 %

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $279

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $598

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