Split Arrow Capital Brokers
Split Arrow Capital Brokers
Listed by Split Arrow Capital Brokers
$389,000
Robin Hill MHP
Details
APN 062400-440.00-2-51
Property Type Mobile Home Park
Sub Type Mobile Home Park
Units 17
Cap Rate 6.14%
NOI $23,881
Pro-Forma Cap Rate 27.94%
Pro-Forma NOI $108,668
Price Per Acre $7,340
Class C
Buildings 7
Acreage 53.000
Investment Type Value Add
Ownership Fee Simple
17 Unit MHP | 53 Acres | Multiple Value Add Opportunities
Investment highlights
PROPERTY DESCRIPTION
Unique opportunity to enhance value a few different ways:
- Paving Roads
- Infilling Homes
- Sub Metering Water
- Bring Rents to Market Levels
- Large Expansion Potential With Plans Already in Place to Add
an Additional 133 Sites to Property
- Capitalize on potential farm lease income or personal use
PROPERTY HIGHLIGHTS
17 Unit Mobile Home Park:
- 4 Tenant Owned Mobile Homes Paying Lot Rent,
- 5 Park Owned Mobile Homes,
- 6 Vacant Lots (Connections in Place)
- 1 Duplex (3/1 & 2/1)
- Property Has Sub Metered Direct Billed Electric
- Public Water Billed Back to Tenants in Monthly Rent
- Private Septic
- Gravel Roads
Listing Contacts
Split Arrow Capital Brokers
Split Arrow Capital Brokers
Listed by Split Arrow Capital Brokers
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,881.00
$1,990.08/mo
Valuation Metrics
0
DSCR
6.14%
Cap Rate
6.14%
ROI
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