Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 8.0%
- Listing ID: 461375
- Posted On: Aug 4, 2014
- Updated On: Feb 12, 2015
Description
Steady Income with Huge Upside. Increase Pad Count and attract more RVs too for greater potential.
-10 Acres of land in high desert
- 30+ pads and duplex. CAN BE 80 PADS!!
-Two Park owned Single Wide's.
- 500 gallon water tank, 400 amp power with 4 sub panels feeding to lots and 4 septic systems.
- Alkaline well with great pressure
- Zoned for rural commercial and multifamily. Front 5 acres can be stores, cafes, or more spaces. Buyer to investigate.
Tenants pay for Trash, Electric, and Water
Pads range in rent from $170 - $300
Current rent roll:
Space 1 Being vacated
Space2. Being vacated presently with space 3
Space3 Being vacated presently with space 2
Space4. Rented $225.00 as of 9/1/14
Space5. Rented $425.00
Space6. Vacant
Space7. Rented. $300.00
Space8. Vacant.
Space9. Rented $350.00 as of 11/1/14
Space10. Day rental only $25.00 a night
Space11. Day rental only $25.00 a night
Space12. Office
Space13. Vacant.
Space14. Rented since 1990: $170.00
Space15. Rented since 1990: $170.00
Space16. Rented $325.00, includes storage fee
Space17. Vacant
Space18. Vacant lease expired
Space19. Vacant
Space20. Rented since 1995: $170.00
Space21. Off rolls per housing and community development
Space22. Contract pending as of 11/1/14 : $380.00
Space23. Vacant, yearly contract expired 7/1/14
Space24. Vacant, yearly contract expired 7/1/14
Space25. Rented since 2004: $170.00
Space26. Rented $300: 3 year contract desired with advance payment
Space27. Rented since 2000: $370.00, includes storage and pet fee
Space28. Rented since 1998: $170.00
Space29. Rented since 7/1/14 $300.00
Space30. Rented since 4/2009 $350.00,includes $50 past due balance payment
Condo. Vacant as of 10/1/14 due to death in family in England/ rented for $350
House. Being remodeled/3bedroom and one bath/ rents for $725.00
Current total per month is $3,795.00 Not including tenant paid utilities.
INVESTMENTS:
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$25,000 was recently invested in roofing and stuccoing house 1200 sq/ft
$12,000 was invested over the past year putting up wood fencing
$2500.00 was invested upgrading the septic system
$1000.00 invested upgrading three electrical panels.
$2000.00 invested in June 2014 putting 8'security cameras
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Location
-Main Road Frontage
-Over 5 acres cleared for More
-Solar Potenial
-Alkaline Well with Great Pressure
-Good Income at 1/2 potenial
-Great Over Night RV Parking
-Tenants Pay all Utilities
-Tenants Pay High Speed WiFi
Amenities
- Pool
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 30 |
Total Occupancy: | 60.0 % |
Average MH Lot Rent: | $140 |
Size: | 10 acre(s) |
Financial Information (Actual)
Gross Income: | $60,000 |
Lot Information
Singlewide Lots: | 30 |
RV Information
Number of RV Lots: | 10 |
Average RV Lot Rent: | $190 |
Utility Information
Water: | Well |
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 2 |
Average Rent for Park-owned Homes: | $350 |