Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 11.0%
- Listing ID: 373991
- Posted On: Jun 3, 2013
- Updated On: Nov 25, 2013
Description
12 Space MHP in Lake County California. 11.0% Cap Rate. Existing loan MAY be assumable and possible seller carry financing possible. 22.1% cash on cash including debt reduction in year 1. Resident manager in place. Call or email for APOD.
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Park Information
| Number of MH Lots: | 12 |
| Total Occupancy: | 91.7 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $325 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $46,800 |
| Operating Expense: | $23,109 |
| Net Operating Income: | $19,771 |
| Expense Ratio: | 49.4 % |
| Debt Info: | $80,000 @ 8% payable $841.29 |
Lot Information
| Singlewide Lots: | 11 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |