Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 8.3%
- Listing ID: 613392
- Posted On: Dec 22, 2015
- Updated On: Jan 19, 2017
Description
Mountain View Trailer Park consists of 12 trailers spaces, 3 cottages and a single family residence and sits on 1.4 acres of land. The property is on city water/city sewer. The park pays for gas, water and trash while the tenants pay for electricity and sewer and street lights.There is no rent control and no park owned coaches.
Seller Financing Available!!
Location
Mountain View Trailer Park is located just north of Interstate 10 in Banning and is approximately 25 minutes from Palm Springs and 15 minutes from the Morongo Casino and just over an hour from Los Angeles.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 12 |
Average MH Lot Rent: | $358 |
Size: | 1 acre(s) |
Financial Information (Actual)
Gross Income: | $88,024 |
Operating Expense: | $31,594 |
Net Operating Income: | $47,101 |
Expense Ratio: | 35.9 % |
Lot Information
Singlewide Lots: | 12 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |