Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 6.1%
- Listing ID: 917541
- Posted On: Apr 9, 2018
- Updated On: Nov 13, 2018
Description
RARE FIND: Southern California Senior Mobile Home Park for sale. Possible SELLER FINANCING. Gorgeous 20-space MH & RV Park in San Diego County, just minutes from El Cajon. Stays full or nearly full. Very clean, quiet, well-run park with good tenants, and excellent Onsite Manager in place who wants to stay. Offsite Management services also available. Swimming Pool, Clubhouse, Paved Streets (some areas are not paved), generous spaces, shady trees, nice setting. There is a 1.5-acre +/- piece of vacant land attached to the park (part of the 3.52 acres) this has road frontage & is zoned for commercial. Owner says a retail store, self-storage, RV storage, would work. It was formerly approved for another 15 spaces. Call for details. Seller will consider financing the park for a qualified buyer with $599K cash down. The park is currently 100% occupied. 6.1% Cap Rate based on actual numbers.
Location
Seller just changed the name of the park, so the sign out front says High Land East. A new sign is coming soon, with the new name of the park: "Boulevard Pines MH & RV Park". DIRECTIONS: Highway 8 to Jewel Valley Rd exit, South; turn right on Old Highway 80; the Property is 1/4-mile up on the left. PLEASE DO NOT DISTURB MANAGER OR TENANTS. Call Lister to arrange a tour of the park.
Amenities
- Laundromat
- Pool
- Storage
- Club House
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 10 |
| Total Occupancy: | 100.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $10 |
| Size: | 4 acre(s) |
Lot Information
| Singlewide Lots: | 10 |
RV Information
| Number of RV Lots: | 10 |
| Average RV Lot Rent: | $425 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $850 |