Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.2%
- Listing ID: 515220
- Posted On: Mar 31, 2015
- Updated On: Aug 2, 2015
Description
Siesta MHP is located in the City of Highland, California and sits on approximately 2.49 acres of land. The all-age park consists of approximately mobile home spaces. All utilities are paid for by the tenants and the community amenities include a laundry room and storage.
Amenities
- Laundromat
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $360 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $176,674 |
| Operating Expense: | $81,901 |
| Net Operating Income: | $94,773 |
| Expense Ratio: | 46.4 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |