Photo of Mobile Home Community
Photo of Multi Family Housing
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Multi Family Housing
Photo of Mobile Home Park
Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Mobile Home Community
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.2%
- Listing ID: 803534
- Posted On: Apr 14, 2017
- Updated On: Oct 3, 2017
Description
26 Space MHP with long term tenants and upswing. On city water and sewer, mostly single wide affordable homes. In need of new management and young blood to insist tenants follow the rules. The area is growing tremendously with the influx of large vineyards. 2 vacant spaces and one home to renovate.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 80.0 % |
| Average MH Lot Rent: | $360 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $107 |
| Operating Expense: | $32 |
| Net Operating Income: | $75 |
| Expense Ratio: | 29.9 % |
| Debt Info: | New loan required |
Lot Information
| Singlewide Lots: | 21 |
| Doublewide Lots: | 5 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $360 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $825 |