Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.2%
- Listing ID: 569737
- Posted On: Sep 16, 2015
- Updated On: Jan 19, 2016
Description
HUGE PRICE REDUCTION!!! REDUCED $450K! Ponderosa Mobile Estates is a beautifully maintained senior community located in the tall ponderosa pines country of the Sierra Nevada foothills. There are 48 mobile home spaces and 68 self storage units. Upside is filling 6 vacant spaces in the park and 20+/- storage units. Owner wants to see offers for a quick close, own this park by Thanksgiving!
Amenities
- Laundromat
- Pool
- Storage
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 48 |
| Total Occupancy: | 88.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $475 |
| Size: | 4 acre(s) |
Financial Information
| Gross Income: | $315 |
| Operating Expense: | $140 |
| Net Operating Income: | $175 |
| Expense Ratio: | 44.4 % |
Lot Information
| Singlewide Lots: | 44 |
| Doublewide Lots: | 4 |
| Triplewide Lots: | 0 |
RV Information
| Average RV Lot Rent: | $475 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $225 |