Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 10.0%
- Listing ID: 466204
- Posted On: Aug 21, 2014
- Updated On: Nov 26, 2014
Description
8 Permanent Rental Units and 11 Mobile Home Spaces
The permanent rental units are stick built cottages. Some are one bedroom and one bath and some are two bedroom one bath. All units are on a month- to-month rental agreement.
Zoning is T2; Land Use Commercial, County Use Commercial Improved
4.37 Acres
GRM - 5.72; Cap Rate 9.95%
New Well and New On-Site Septic System
PG & E and Gas is Propane
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1930 |
| Average MH Lot Rent: | $500 |
| Size: | 4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $103 |
| Operating Expense: | $28 |
| Net Operating Income: | $59 |
| Expense Ratio: | 27.2 % |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $600 |
