Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.2%
- Listing ID: 4105094
- Posted On: Dec 1, 2023
- Updated On: Jul 3, 2024
Description
Thermal MHP is 42 Spaces on 2.12 acres
Infastructure is New:
-New Electric
-New Plumbing
-New Asphalt Roads
-New Playground
All mobile homes are owned by the tenants
Location
Thermal, CA is a strong farming community that has been up-and-coming with new development for years. Located in the Coachella Valley near Indio, Coachella, Palm Springs, and La Quinta.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1963 |
| Average MH Lot Rent: | $542 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $347,731 |
| Operating Expense: | $124,319 |
| Net Operating Income: | $223,412 |
| Expense Ratio: | 35.8 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |