Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 17.4%
- Listing ID: 409207
- Posted On: Oct 12, 2013
- Updated On: Mar 22, 2014
Description
GREAT INVESTMENT OPPORTUNITY FOR A TURN AROUND SITUATION
RV Park (58) pull through spaces in olive orchard setting. Includes 2 B/R home with office , restrooms, laundry room, pressurized water storage system. Spaces include full hookups with disposal . Underground utilities. Sellers are open to serious offers as they have other investment objectives . Some overniters , however, primarily permanent occupants. Monthly space rent average $275. Situated right off Interstate 5 , Corning , CA good freeway visibilty. ASKING : $599,000. For additional info. contact ; Dan Lunetta , Agent, HERITAGE PACIFIC REALTY, INC. (530) 755-4933 or email: dlunetta@heritagepacificrealty.com .
Amenities
- Laundromat
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Park Information
Number of MH Lots: | 58 |
Total Occupancy: | 50.0 % |
Year Built: | 1992 |
Average MH Lot Rent: | $275 |
Size: | 7 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $135,927 |
Operating Expense: | $31,700 |
Net Operating Income: | $104,227 |
Expense Ratio: | 23.3 % |
RV Information
Number of RV Lots: | 58 |
Average RV Lot Rent: | $275 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |