Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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

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