Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.5%
- Listing ID: 392092
- Posted On: Aug 7, 2013
- Updated On: Feb 12, 2015
Description
Excellent opportunity to develop a great income property.
Contact Paul Elliott at Quiet Auction Sales 951-781-6900 or Mark Meiser 951-675-5804 for details
Numbers reflect annual figures in the thousands.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 63 |
| Total Occupancy: | 89.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $285 |
| Size: | 8 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $232 |
| Operating Expense: | $112 |
| Net Operating Income: | $120 |
| Expense Ratio: | 48.3 % |
RV Information
| Number of RV Lots: | 70 |
| Average RV Lot Rent: | $285 |
Utility Information
| Water: | City |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $1,500 |
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