Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.3% (Actual)
- Listing ID: 1948916
- Posted On: Dec 7, 2022
- Updated On: Mar 16, 2023
Description
Topaz Lake, CA Lakefront Mobile Home Park with 16 spaces, tree lined street, and the longest launch ramp on the lake. Includes two docks. Quiet surroundings with views of the Sweetwater Mountains. Outside boat storage available to residents.
Location
Topaz, CA
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1972 |
| Average MH Lot Rent: | $525 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $100,800 |
| Operating Expense: | $25,000 |
| Net Operating Income: | $75,800 |
| Expense Ratio: | 24.8 % |
| Debt Info: | No debt |
Lot Information
| Doublewide Lots: | 16 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $550 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
