Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 11.1%
- Listing ID: 1547563
- Posted On: Nov 12, 2021
- Updated On: Dec 31, 2021
Description
The Hornbrook Trailer park consists of 3.6 acres of land with various rental properties and rental opportunities. Improvements include the 21 space mobile home park, a modern and spacious 2bed/1bath single-family residence, a duplex, and a storefront building at the entrance, along with various storage buildings. The storefront is currently vacant and plans were made to convert it to a rental home as it has 200 amps of power and an existing bathroom and kitchen. There is one 40’ storage container with built-in shelving, large storage shed behind the single-family residence, a large shed used by management at the back of the property, and several unused smaller storage buildings. The park owns two single-wide mobile homes.
Location
Hornbrook is a rural community located at the base of Mt. Shasta along the I-5 corridor between Northern California and Oregon. Hornbrook is located in Siskiyou County and 15 miles to the county seat of Yreka, CA. To the north lies Ashland and Medford Oregon. Ashland is 23 miles from Hornbrook and has been named among the Top 10 of “The Best Small Art Towns in America”.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 85.0 % |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $122,280 |
| Operating Expense: | $40,403 |
| Net Operating Income: | $63,535 |
| Expense Ratio: | 33.0 % |
RV Information
| Number of RV Lots: | 21 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |