Herlong mobile home park has an operating permit from the state of California Department of Housing and Community Development (HCD) It has hookups for and is permitted for 61 mobile home spaces and 10 trailer spaces. Septic tanks with leach fields are located on north and south sides of property to serve the sewer system for the mobile home park.

Address: 740-990 Arroyo Drive, Herlong, CA 96113

Spaces with trailers included range from $450 to $650 per month ($100 to $300 POH delta)

The housing stock in the park is older, dating from the sixties to the nineties, some recently renovated.

A total of 73 permitted spaces in a 6+ acre mobile home park. two parcels (6.145 Acres and .736 of an acre )

Facilities:

There are two wells approx 200 feet down with 5 HP pumps, pump house and two 2500 gallon storage tanks. Water is tested monthly to satisfy HCD, and it meets standards for quantity and quality. Herlong community water is available. New owner plans to hook up to city water.

There is a concrete brick laundry room with hookups for 5 washers and 5 dryers. There are 3 washers and 3 dryers. available for sale separately from the real estate listing. The washers and dryers earn about two hundred a month at current population level. They took in closer to $400 during the better months, when occupancy was higher.

Behind the laundry room there is one of the septic systems, and another behind spaces 56 & 57 on the west side of the park.

The park has electricity, homes are sub-metered. Tenants pay their share of electricity Most of the homes use propane for heat and/or cooking, and are billed directly by their propane company.

A properly capitalized, prudent, competent, capable, efficient investor and management team should be able to increase income and property: fill vacant spaces, add income producing vending machines to the laundry, ( cokes, sodas, cigarettes, candy, snacks, and laundry supplies.)

Receipts in November 2013 are estimated at $8,300
Receipts in October 2013 were estimated at $7,000
Rent receipts in 2012 averaged $12,000 + each month.
Rent receipts in November and December 2011 were $12,000.
Rent receipts for October 2011 were $11,500.
Rent receipts for September 2011 were $11,800.
Rent receipts for August were $11,000 for 18 POH and 6 spaces.
Rent receipts for July 2011 were $10475 for 17 POH and 6 spaces.
Rent receipts for June 2011 were $9050 for 14 POH and 5 space rents.
Rent receipts for May 2011 were $7775 for 5 rented spaces and 11 POH

Monthly Rent Range, Occupancy

Space rent is $300 or $350. Park owned trailers rent rates are $425 to $650.

Infrastructure Improvements that were recommended:

Contact info:
jim.sells.houses@gmail.com

1st American Realty, 5740 Windmill Way, Suite 1, Carmichael, CA 95608

DRE 00881401 ,