Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.6%
- Listing ID: 444083
- Posted On: May 12, 2014
- Updated On: Mar 15, 2016
Description
4 Unit Park with expansion possibilities. The park is less than a mile away from the Olivehurst Walmart and the park is always filled. Park is on city water and sewer and PG&E provides gas and electric.
Park sale includes 3 mobile homes, a 3bd/2ba doublewide, a 2bd/2ba doublewide and a 2/1 singlewide that was built in 2003.
Currently the park brings in $2,500/month and could bring in a lot more by adding more lots to the park, or adding and charging for storage of the empty space at the back of the park.
The only monthly expenses for the park are trash and water/sewer. Tenants pay for everything else.
If interested please give Brian a call at (916) 768-6302
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Financial Information (Actual)
| Gross Income: | $30,000 |
| Operating Expense: | $2,400 |
| Net Operating Income: | $27,600 |
| Expense Ratio: | 8.0 % |
Lot Information
| Singlewide Lots: | 1 |
| Doublewide Lots: | 2 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $350 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $716 |