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Pine Ridge Estates 6961 Woodpecker Lane, Shingletown, CA 96088

Off Market  

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0% (Pro Forma)
  • Listing ID: 387518
  • Posted On: Jul 18, 2013
  • Updated On: Apr 29, 2014

Description

12 MH spaces, 2 park owned. 14 detached single family rentals and room to develop 22 RV spaces in beautiful Shasta County, CA.
Carefully maintained Well and Septic.
10%+ Cap Rate, Some Seller financing may be considered.

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Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 90.0 %
Year Built: 0
Average MH Lot Rent: $268
Size: 20 acre(s)

Financial Information (Pro Forma)

Gross Income: $142,680
Operating Expense: $45,679
Net Operating Income: $81,567
Expense Ratio: 32.0 %
Debt Info: $489,000 at 6.5%, amort. 20 years

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2