Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 12.0%
  • Listing ID: 618752
  • Posted On: Jan 13, 2016
  • Updated On: Jul 27, 2016

Description

Here is a rare opportunity to own a 20 space mobile home park with included development opportunity for either more mobile homes, or develop into multi family housing. The park is 20 spaces with paved roads, concrete pads at each station, PG&E individual gas and electric at each pedestal with 100 amp capability. The entire property is 5.33 +/- acres with the park only occupying approximately 1.5 acres. Land is zoned multi family with a high demand for rental housing. The additional land is currently old walnut orchards, however the infrastructure is present and may allow for expanded development and/or splitting opportunities. Priced at less than 35K per space with space rent at $365/month across the board.

Contact Broker Michael Zuccolillo at 530-521-4576/cell or email mike@gosimplistic.com (please don't use email contact function...Im having problems receiving them)

Amenities

  • Handicap Accessible
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 85.0 %
Year Built: 1975
Average MH Lot Rent: $365
Size: 6 acre(s)

Financial Information (Pro Forma)

Gross Income: $87,600
Operating Expense: $10,000
Net Operating Income: $77,600
Expense Ratio: 11.4 %

Lot Information

Doublewide Lots: 20

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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