Mobile Home Park Details
- Purchase Method: Cash, Assumable Loan
- Cap Rate: 8.2%
- 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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 |
