2000 Paiute Ln
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2000 Paiute Ln
46 Unit Mobile Home Park $2,175,000 ($47,283/Unit) 7.98% Cap Rate Susanville, CA 96130
Investment Highlights
- Low Vacancy Turnover
- City Sewer
- No Problem Tenants
Executive Summary
Pine View has 46 mobile home spaces and 6 RV spaces. The park has three park owned homes. Gas and Electric are direct billed. The property is on City sewer and a good well. The park has vacant lots, but the owner has not out capital into buying homes. vacancies never last more than 10 days. The manager receives free rent in a park owned double wide. Problem tenants have been evicted over the last three years and now only one tenant pays later than the 6th. Owner will not carry paper. The roads and street lighting need to be replaced.
Property Facts
| Price | $2,175,000 | Apartment Style | Garden |
| Price Per Unit | $47,283 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.00 AC |
| Cap Rate | 7.98% | Building Size | 1,000 SF |
| Sale Conditions | Business Value Included | Average Occupancy | 82% |
| No. Units | 46 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 10/1,000 SF |
| Price | $2,175,000 |
| Price Per Unit | $47,283 |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| Sale Conditions | Business Value Included |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 82% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 10/1,000 SF |
Site Amenities
- Laundry Facilities
About 2000 Paiute Ln , Susanville, CA 96130
Mobile Home Park
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 46 | - | - |
1 of 1
zoning
| Zoning Code | MH (Mobile Home) |
| MH (Mobile Home) |
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Presented by
David Rogers
2000 Paiute Ln
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