Mobile Home Park Details
- Cap Rate: 5.8%
- Listing ID: 1736787
- Posted On: Aug 17, 2022
- Updated On: Jan 12, 2023
Description
6 Spectacular Units on 4.52Acre Lot. Additional 2.41Acre Lot is also available for an additional price ($200,000-$395,000). 5 – 2BR,2BA Modern Manufactured Homes plus 1-Frame/Stucco Office Bldg. APN: 321-110-07-00. Extraordinary “Value Add” Upside Potential. Adjacent Additional R-1, 2.41 Acre Lot APN: 278-200-17-00. Incredible Ocean and Mountain Views, Wide Open Big Sky. Panoramic Views “Starry Lit Nights”. Boundary Lot Adjustments are currently in process to enable much faster building permits. Upon Successful Boundary Lot Adjustment Approval, Unit Lot will be 2.58Acres and Residential Lot will be 4.35Acres.
Location
To:
From HWY 15, Take Poway Rd. East approx. 12 Miles to HWY 67. Turn left and proceed 1 mile to the first left.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Total Occupancy: | 100.0 % |
| Year Built: | 20042005 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $160,140 |
| Operating Expense: | $55,730 |
| Net Operating Income: | $101,207 |
| Expense Ratio: | 34.8 % |