Photo of Manufactured Home Community
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.9%
- Listing ID: 72808
- Posted On: Jun 24, 2011
- Updated On: Jan 25, 2013
Description
West Lane is an 80 space, senior park that contains approximately 70 doublewides and 10 singlewides. It is serviced by well and septic. The park includes a clubhouse and pool and currently has only 3 vacancies.
Location
This park is located in a "ranchette" type of area between Lodi and Stockton.
Amenities
- Storage
- Pool
- Club House
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 80 |
| Total Occupancy: | 96.0 % |
| Average MH Lot Rent: | $485 |
| Size: | 14 acre(s) |
Financial Information
| Gross Income: | $442 |
| Operating Expense: | $128 |
| Net Operating Income: | $314 |
| Expense Ratio: | 29.0 % |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 70 |