Mobile Home Park Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 7.5%
- Listing ID: 685329
- Posted On: Jul 8, 2016
- Updated On: May 30, 2017
Description
Mulberry Mobile Park is a 53 site mobile home park and was constructed in the 1960's on approximately 4.71 acres. Gas and electric are submetered and paid by the residents. Trash and sewer are billed directly to the tenants at a flat rate of $29. The property is on septic and well water. The park consists of 42 mobile units and 11 RVs. Amenities include laundry room. There are currently 0 vacant spaces and no park-owned units.
Location
Mulberry Mobile Park is located in the city of Turlock, in Stanislaus County.
Amenities
- Laundromat
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Park Information
Community Type: | All Age |
Number of MH Lots: | 42 |
Total Occupancy: | 100.0 % |
Year Built: | 1960 |
Average MH Lot Rent: | $446 |
Size: | 5 acre(s) |
Financial Information (Actual)
Net Operating Income: | $194,870 |
Lot Information
Singlewide Lots: | 42 |
RV Information
Number of RV Lots: | 11 |
Average RV Lot Rent: | $483 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |