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Stillman Mobile Home Park 3880 Stillman Park Circle, Sacramento, CA 95824

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Mobile Home Park Details

  • Purchase Method: Cash, Assumable Loan
  • Cap Rate: 8.2% (Actual)
  • Listing ID: 523049
  • Posted On: May 22, 2015
  • Updated On: Sep 7, 2017

Description

One of the best deals in California! Beautiful gated 80-space Mobile Home & RV Park in Sacramento CA. Pool, clubhouse & laundry. Super-clean, well-run. Makes great money right now: 8.2% Cap Rate, 11.8% Cash-on-Cash, based on Actual Numbers! Not Proforma!! Assume existing $2.2M private loan at 6.5% interest-only with 7 years remaining. That's only 31% down. 8 year track record of making money. Partnership breaking up, liquidating assets.

Amenities

  • Laundromat
  • Pool
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 80
Year Built: 1972
Average MH Lot Rent: $500
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $485,601
Operating Expense: $223,757
Net Operating Income: $261,844
Expense Ratio: 46.1 %
Debt Info: 2200000 @ 6.5% w/7 yrs left

Lot Information

Singlewide Lots: 22

RV Information

Number of RV Lots: 58
Average RV Lot Rent: $500

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $600