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This information has been secured from source we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. CRI Real Estates Property Management is a service mark of Commercial Real Estate Investors, Inc. License# 003346113
CRI Real Estates & Property Management, a Division of, Commercial Real Estate Investors, Inc. 151 California Street, Oakdale, Ca 95361 • Tel: (209) 845-3861 • Fax (209) 322-4414 • Email: [email protected]
“Serving You 7 Days A Week”
DRE License # 01807613
Property Description
• 12-space HCD Approved
• All City Services • Owner Operator • (2) park owned
Units • Laundry Bldg. • Sub metered gas,
electric • Rents are below
market • Tenant Charge –
backs • 100% Occupied • NO Rent control • Great commercial
location
Real Estate, Inc.
Financial Summary Escalon Mobile Park 1666 McHenry Ave.
Escalon, CA 95320
Asking Price: $619,000
Actual 2017 Income: $70,780
Expenses: New Taxes (estimate) $6,810
Permit-License $450 Insurance $648
Maint.-Landscape $1,200 Utilities, Trash, etc. $14,050
Total $23,158
NOI: $ 47,622
CAP: 7.7%
This MHP has a great rental space income upside, currently rents are low and could be increased to $400 per month, a great commercial location within the City of Escalon. Current rent space is $350, Park owned units at $375 plus tenant charge backs, W/S $31.50, Trash $12.00, Electric-Gas sub metered, tenants charged on usage. Laundry Income, machines are under a 3rd party contract agreement. Mixed single-wide and RV units in the park, 30amp electric pedestal at each site. Currently NO vacant pads, and NO rent control ordinances in place. The park is in compliance with all state and county requirements. Great opportunity for first-time Mobile Home park Investor —Owner Operator Opportunity !!
This information has been secured from source we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. CRI Real Estates Property Management is a service mark of Commercial Real Estate Investors, Inc. License# 003346113
CRI Real Estates & Property Management, a Division of, Commercial Real Estate Investors, Inc. 151 California Street, Oakdale, Ca 95361 • Tel: (209) 845-3861 • Fax (209) 322-4414 • Email: [email protected]
“Serving You 7 Days A Week”
DRE License # 01807613
Real Estate, Inc.
Escalon Mobile Park 1666 McHenry Ave.
Escalon, CA 95320
APN: 227-080-12
