Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 10.0%
- 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.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 |