Herlong Mobile Home & RV Park
Mobile Home Park | 73 Pads
Marketing description
PLEASE REVIEW THE OFFERING MEMORANDUM FOR A DETAILED OVERVIEW OF THE PROPERTY
Electric: Sub-metered 50 Amp service. Direct burial. Two distribution centers within the park, three homes per breaker.
Gas Lines: There is a centralized gas system which is not currently utilized. Seller provides all tenants with a 120gal propane tank which they are responsible for refilling.
Water Lines: Galvanized piping. Seller has sub-metered 6 of the homes but is not currently charging tenants for water.
Sewer Lines: Cast Iron (must be confirmed through Buyers DD). Most tenants are passed through a sewer charge of $28.37. As new homes are installed, seller has removed p-traps and installed ABS piping. Spaces 1-50 are on a lift station and connected to City Sewer. Spaces 51-61 were built more recently and have their own individual septic system which can be tied into the lift station if so desired.
Trash: Two dumpsters on-site. Trash services are provided by CNS Waste Solutions and paid for by seller.
Drainage: West to East surface drainage.
Laundry Room: There are three brand new stackable washer/dryer units, three toploading washers and three top-loading dryers all owned by the park. Seller has reroofed and renovated the laundry building and there is a new change machine within.
Roads: Asphalt is in fair condition. No improvements have been made to roads.
Park-Owned Homes: The Park Owned Home Portfolio is included in the Purchase Price.
Storage Sheds: The Storage Sheds are NOT included in the Purchase Price. Principals must agree to a Personal Property Storage Shed Purchase Price prior to opening escrow. There are 8 Storage units.
Investment highlights
Non-Rent Controlled Market
Upside in Rents | Below Market Lot Rent
Municipal Water
Sites 1-50 are on Municipal Sewer - 51-61 on Septic with Hook Up Available
20 Acres Expansion Opportunity
Centralized Gas Available | Tenants Currently Use Propane
Laundry Room
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