Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.2%
  • Listing ID: 409681
  • Posted On: Oct 14, 2013
  • Updated On: Feb 4, 2014

Description

This Park is located about 60 miles east of downtown San Diego. It is very near the Golden Acorn Casino and walking distance to grocery, liquor and other retail stores. The Park has 22 spaces. 2 of the spaces have owner owned units in them. 1 is 1400 sq ft and the other is a Park Model. The park has about 92% occupancy with many guest being long term tenants. The Club house has recently been remodeled with a new wiring and plumbing. There is a fairly new swimming pool that is heated. The Park has 3 parcels. The Park is mostly located on a 1.63 acre parcel. There is a 0.73 and part of 1.18 acre parcel that are used for RV Storage. These 2 parcels could be used to double the size of the Park. There are 2 wells and 2 septic systems. The units are 30/50 amp. Propane provided for mobile homes and rental for RV's. The Park is 55+. Do not disturb guests or contact the park manager. Call Jim Miller 619 273-9798 if you would like to make arrangements to visit park.

Amenities

  • Laundromat
  • Pool
  • Storage
  • Club House
  • Handicap Accessible
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Park Information

Community Type: 55 And Over
Number of MH Lots: 22
Total Occupancy: 100.0 %
Year Built: 1960
Average MH Lot Rent: $375
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $79
Operating Expense: $26,175
Net Operating Income: $51,791
Expense Ratio: 33132.9 %

Lot Information

Doublewide Lots: 9
Park Model Lots: 1

RV Information

Number of RV Lots: 12
Average RV Lot Rent: $350

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $595