$2,500,000
Pine view Mobile Home Park
Details
Property Type Mobile Home Park
Sub Type Mobile Home Park
Units 52
Cap Rate 7.38%
NOI $184,575
Occupancy 80%
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $184,575
Broker Co-Op Yes
Year Built 1972
Investment Type Sale/Leaseback
Mobile Home Park | 52 Pads | $48,077/pad
Marketing description
DESCRIPTION AND TENANT INFORMATION: Pine View is an easily managed family park in Susanville, California. The tenants pay direct for gas, trash and electricity. All spaces have 200 amp service, except the 6 RV spaces. There is no rent control and the rents are $50 below market. The manager receives free rent on 2 spaces and no other compensation. She is a long term resident with deep ties to the park. Pro-forma includes a modest rent increase effective August 1st. The owner rarely has interaction with the city and county. Pine View needs new roads and street lighting. The property has increased revenue for 5 straight years.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,575.00
$15,381.25/mo
Valuation Metrics
0
DSCR
7.38%
Cap Rate
7.38%
ROI
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