Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 13.0%
- Listing ID: 412925
- Posted On: Oct 31, 2013
- Updated On: Aug 27, 2014
Description
Lovey's Landing is an RV-MH park with a full restaurant and bar nestled on the banks of the Sacramento River. It is a truly beautiful setting to live, work, stay or dine. This rare gem of a property offers the savvy investor an opportunity to garner return from both businesses and multiple income streams. High returns.
Amenities
- Laundromat
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 50 |
| Total Occupancy: | 85.0 % |
| Average MH Lot Rent: | $354 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $454,079 |
| Operating Expense: | $260,367 |
| Net Operating Income: | $193,703 |
| Expense Ratio: | 57.3 % |
| Debt Info: | Existing Loan - Please inquire |
Lot Information
| Doublewide Lots: | 6 |
RV Information
| Number of RV Lots: | 44 |
| Average RV Lot Rent: | $353 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
