Contact Information
Mobile Home Park Details
- Price: $1,400,000
- Cap Rate: 6.0%
- Listing ID: 6835207
- Posted On: Mar 3, 2025
- Updated On: Apr 8, 2025
Description
Name of Park: Morongo Mobile Manor
Location: Morongo Valley, CA
Land Size: 1.58 Acres
Type of Park: All Age Community
# of Spaces: 21 mobile home spaces
Utilities: Electric is Direct, Gas is Sub-Metered
BELOW MARKET RENTS
Metered, Water is Sub-Metered, Trash and Septic a flat fee; Tenants pay all.
Amenities: Laundry Room and Storage.
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Park Information
| Number of MH Lots: | 21 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $480 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $141,410 |
| Operating Expense: | $42,641 |
| Net Operating Income: | $98,769 |
| Expense Ratio: | 30.2 % |