Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.0%
- Listing ID: 703058
- Posted On: Sep 7, 2016
- Updated On: Jun 30, 2017
Description
Capell Valley Estates is a rare opportunity to acquire a non rent controlled
manufactured housing community in the coveted San Francisco Bay Area with rents that are significantly below market and a stable, near 100 percent occupancy rate. Nestled at the southern gateway to Lake Berryessa in unincorporated Napa County, this 59-site, all ages community offers its residents a tranquil, country setting surrounded by trees and bluffs. Amenities include a pool and clubhouse, on-site management and a picnic area with barbecue. Water and sewer are supplied by recently upgraded, professionally operated water and sewer treatment facilities. Water and sewer are submetered and billed back to residents.
Location
Lake Berryessa is a popular recreation destination for Northern
California residents, offering water skiing, fishing, picnicking and
swimming amongst other outdoor activities. It is an important
freshwater reservoir and source of hydroelectric power for the region.
Amenities
- Pool
- Club House
Park Information
Number of MH Lots: | 59 |
Total Occupancy: | 98.0 % |
Year Built: | 1970 |
Size: | 17 acre(s) |
Financial Information (Actual)
Gross Income: | $572,154 |
Operating Expense: | $274,541 |
Net Operating Income: | $297,613 |
Expense Ratio: | 48.0 % |
Lot Information
Singlewide Lots: | 16 |
Doublewide Lots: | 42 |
Utility Information
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |