Mobile Home Community For Sale
Mobile Home Community For Sale
Mobile Home Community For Sale
Mobile Home Community For Sale
Mobile Home Community For Sale
Mobile Home Community For Sale
Mobile Home Community For Sale
Mobile Home Community For Sale
Mobile Home Community For Sale

Mobile Home Park Details

  • Cap Rate: 7.3%
  • Listing ID: 15388
  • Posted On: Aug 17, 2010
  • Updated On: Dec 5, 2010

Description

The Ponderosa Terrace is a clean, well maintained park situated on 6.5 beautiful acres, located in a desirable area of the Sierra Foothills, 1/2 mile off Highway 80, just 40 minutes from Sacramento, and an hour from Lake Tahoe. It's elevation of 1,800 ft. places it above the fog and below the snow line. Park has city water
and septic system. This property is always 100% occupied and includes coin laundry facility, centralized banks of mail boxes and visitor parking areas. Propane and trash are direct billed, and owner pays for water and sewer. Fully cooperating with Buyers Agents at 3% commission. New loan required as seller must cash out/part of 1031 exchange.

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

Park Information

Number of MH Lots: 29
Total Occupancy: 100.0 %
Year Built: 1965
Average MH Lot Rent: $405
Size: 7 acre(s)

Financial Information

Gross Income: $162,646
Operating Expense: $59,840
Net Operating Income: $102,806
Expense Ratio: 36.8 %

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $360