Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.5%
- Listing ID: 618818
- Posted On: Jan 13, 2016
- Updated On: Aug 26, 2016
Description
The Big Bend Mobile Home Park is located in the community of Yankee Hill in the Oroville foothills. Besides this being a spacious 33 space park, it also includes 2 stick built duplexes (3bed/2bath + 2bed/1bath) & (1bed/1bath + studio/1bath), and a 1 bedroom cabin with a detached 2 car garage. A brand new 30 gallon per minute $100K well was just installed, and the parks water and distribution lines were also recently replaced. The park sits on over 20 acres, and there was once a expansion proposed to bring it over 60 spaces. Great opportunity in this property.
Contact Broker Michael Zuccolillo at 530-521-4576/cell or email mike@gosimplistic.com
Amenities
- Laundromat
- Storage
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Park Information
Community Type: | All Age |
Number of MH Lots: | 33 |
Total Occupancy: | 80.0 % |
Year Built: | 1962 |
Average MH Lot Rent: | $335 |
Size: | 22 acre(s) |
Financial Information (Actual)
Gross Income: | $132,400 |
Operating Expense: | $41,000 |
Net Operating Income: | $91,400 |
Expense Ratio: | 31.0 % |
Lot Information
Singlewide Lots: | 2 |
Doublewide Lots: | 31 |
Utility Information
Water: | Well |
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |