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Updated 6-25-08 add new improvement septic pump
- PLEASE PRINT FLYER FOR
YOUR REVIEW -
MOBILE HOME & RV PARK -- 49 SPACES $495,000
|
 JUNE
1, 2008 PRICE REDUCED to $495,000 for 1) Escrow close in 30 days 2) All
cash or 3) Assume $200,000 First Loan with balance in all cash
4) MAKE YOUR OFFER !
FINANCE: Assume private first loan $200,000 (paid down to
approximate $196,000), payments
$1,398.43, 7.5% interest, amortized for 30 years due in 2036, currently no
prepayment penalty.
GROSS INCOME 2007 $102,144. Rent increase scheduled $15, July 1, 2008.
Gross Income for 2008 will be higher. Currently space rent range
$215 to $245 includes trash,
water $25 flat fee charge
($800/month),
no charge for sewer.
2007 income &
expenses are posted below.
INCREASE INCOME by recharging tenants for $8,926
trash expenses plus park's sewer expenses & maintenance. See 2007 expenses
posted below.
Increase income in RV section 13 approved
spaces.
New park owner could start utilizing the 13 RV spaces without drains.
SPACE RENTS: See Table, varies in space currently most range $215 &
$245. 2008 currently $7,400 + $800 water fee. Rent increased scheduled $15, July 1, 2008
with rents adjusting to most range $230 to $260. Total rent roll after July
1, 2008 approximate $7,900 + $800 water fee. June 2008 & July 2008
rent rolls are posted below.
approved 13 RV spaces without
drains: On the permit to operate license. Park has been operating
on 36 spaces. New owner could expand and utilize the approved 13 RV spaces
without drains for additional income opportunity. These spaces
are not currently established but have been on state operating permit
license for years.
PARK PROPERTY & FEATURES: On 9.42 acres,
has
paved and gravel streets, slight sloping property,
2 septic systems, 2 wells,
and new water chlorination system in 2007 ($5,220
improvement expense).
Seller has done many improvements to park property
and tenant's homes past 1 to 2+ years. Seller has no park-owned mobile homes.
Park
has laundry facilities, newer appliances and laundry
income.
15 photos of streets, resident's homes, building,
and property are posted below.
IMPROVEMENTS IN 2007:
New water chlorination system $5,220,
Park's main water line repair $3,974. See 2007
expenses below. In 2008, Seller installed new pump for septic system.
REPAIRS IN 2007:
One time expense.
HCD repairs requested $6,707. Additional Misc.
repairs done by the park mainly for HCD requirements:
General repairs by Park $1,744,
plumbing $1,443,
electrician $786. See 2007 expenses below.
LAUNDRY BUILDING: Located at right side cul-de-sac (tan
building). 2 washers and 2 dryers installed new 2 years ago and
included. Soda vending machine in building included.
LOCATED in Dobbins, Northern California between Grass Valley and Marysville,
below the snow line, elevation 1,000 feet, 9.42 acres.
NOTICE: Do not go directly to property without scheduled appointment
thru listing broker. Do not talk to tenants or manager about property or
park. All questions directed to listing broker Cheryl Lopez.
|
2008 RENT ROLL |
RENT
2008 |
|
RENT
2008 |
|
INFO &
STATUS |
|
Month |
Jan. 1
to June 30 |
Jan. 1
to June 30 |
July 1
to Dec. 31 |
July 1
to Dec. 31 |
|
|
Space
Number |
Space
Rent With Trash Included |
Water
Charge |
Space
Rent with Trash Included |
Water
Charge |
Rent Increase $15,
July 1, 2008 |
|
1 park car space 2 |
$40 |
$0 |
$40 |
$0 |
tenant Sp 2 parks car |
|
2 tenant |
$245 |
$25 |
$260 |
$25 |
tenant pays rent + park car
|
|
3 vacant June 2008 |
$245 |
$25 |
$260 |
$25 |
vacant
June 2008 |
|
4 = = = |
= = = |
$25 |
= = = |
$25 |
double wide on sp 4 & 5 |
|
5 tenant |
$245 |
$25 |
$260 |
$25 |
double
wide on sp 4 & 5 |
|
6 tenant |
$245 |
$25 |
$260 |
$25 |
|
|
7 tenant |
$205 |
$25 |
$220 |
$25 |
|
|
8 tenant |
$285 |
$25 |
$300 |
$25 |
double wide sp 8 & 9 |
|
9 = = = |
= = = |
$25 |
= = = |
$25 |
double wide sp 8 & 9 |
|
10 tenant |
$215 |
$25 |
$230 |
$25 |
|
|
11 tenant |
$220 |
$25 |
$235 |
$25 |
|
|
12 tenant |
$195 |
$25 |
$210 |
$25 |
|
|
13 tenant |
$215 |
$25 |
$230 |
$25 |
|
|
14 vacant June 2008 |
$245 |
$25 |
$260 |
$25 |
remove doublewide sp 14 & 15 |
|
15 vacant June 2008 |
$245 |
$25 |
$260 |
$25 |
remove doublewide sp 14 & 15 |
|
16 tenant |
$245 |
$25 |
$260 |
$25 |
|
|
17 tenant |
$215 |
$25 |
$230 |
$25 |
|
|
18 tenant |
$245 |
$25 |
$260 |
$25 |
|
|
19 tenant |
$215 |
$25 |
$230 |
$25 |
|
|
20 tenant |
$215 |
$25 |
$230 |
$25 |
|
|
21 tenant |
$245 |
$25 |
$260 |
$25 |
|
|
22 vacant |
$0 |
$0 |
$0 |
$0 |
not
being used as space |
|
23 tenant |
$245 |
$25 |
$260 |
$25 |
|
|
24 tenant |
$245 |
$25 |
$260 |
$25 |
|
|
25 tenant |
$215 |
$25 |
$230 |
$25 |
|
|
26 tenant |
$215 |
$25 |
$230 |
$25 |
|
|
27 tenant |
$205 |
$25 |
$220 |
$25 |
|
|
28 vacant June 2008 |
$245 |
$25 |
$260 |
$25 |
tenant
passed away, mobile pulled |
|
29 tenant |
$250 |
$25 |
$265 |
$25 |
|
|
30 Sp 1A RV tenant |
$245 |
$25 |
$260 |
$25 |
RV with hook-ups |
|
31 Sp 2A RV tenant |
$245 |
$25 |
$260 |
$25 |
RV with hook-ups |
|
32 Sp 3A RV tenant |
$245 |
$25 |
$260 |
$25 |
RV with hook-ups |
|
33 Sp 4A RV tenant |
$215 |
$25 |
$230 |
$25 |
RV with hook-ups |
|
34 Sp 5A RV tenant |
$245 |
$25 |
$260 |
$25 |
RV with hook-ups Vacant June 2008 |
|
35 Sp 6A RV tenant |
$205 |
$25 |
$220 |
$25 |
RV with hook-ups |
|
36 Sp 7A RV tenant |
$215 |
$25 |
$230 |
$25 |
RV with hook-ups |
|
37 to 49 RV without drains |
= = = |
|
= = = |
|
13 RV spaces without drains |
| |
|
|
|
|
|
SPACE RENTS: See Table, varies in space currently most range $215 &
$245. 2008 currently $7,400 + $800 water fee. Rent increased scheduled $15, July 1, 2008
with rents adjusting to most range $230 to $260. Total rent roll after July
1, 2008 approximate $7,900 + $800 water fee. June 2008 & July 2008
rent rolls are posted above.
approved 13 RV spaces without
drains: On the permit to operate license. Park has been operating
on 36 spaces. New owner could expand and utilize the approved 13 RV spaces
without drains for additional income opportunity. These spaces
are not currently established but have been on state operating permit
license for years. See Table, Spaces 37 to 49.
RV without drains.
|
2007 INCOME ITEM YEAR |
2007
INCOME |
| SPACE
RENT |
$73,710 |
| WATER |
$9,000 |
|
ELECTRIC BILLING |
$5,556 |
| PROPANE
BILLING |
$13,216 |
| SODA
MACHINE RENT |
$240 |
| LAUNDRY
INCOME |
$820 |
|
TOTAL 2007 INCOME YEAR |
$102,144 |
|
2007 RENT ROLL MONTH |
2007
RENT ROLL INCOME |
| SPACE
RENT |
$6,935 |
| WATER |
$750 |
|
ELECTRIC BILLING |
$323 |
| PROPANE
BILLING |
$435 |
| SODA
MACHINE RENT |
$20 |
| LAUNDRY
INCOME |
$35 |
|
TOTAL INCOME MONTH |
$8,499 |
|
2007 EXPENSES ITEM YEAR |
2007
EXPENSES |
|
ADVERTISING |
$8 |
| BANK
FEES |
$162 |
|
BUSINESS INSURANCE |
$1,857 |
|
COMMUNICATION |
$240 |
|
EMPLOYEES |
$4,830 |
| LEGAL |
$125 |
|
MAINTENANCE |
$422 |
| OFFICE
EXPENSE |
$182 |
|
PROPERTY TAXES |
$6,766 |
| REPAIRS
* See "Improvements" &
"Repairs" Comments Page 1 & Below |
$19,873 |
|
GENERAL REPAIRS BY PARK
$1,744 |
|
|
ELECTRICIAN
$786 |
|
|
PLUMBING
$1,443 |
|
|
MAIN LINE REPAIR
$3,974 |
|
|
HCD REPAIRS REQUESTED 2007 $6,707 |
|
|
INSTALL CHLORINATION SYSTEM $5,220 |
|
| TAXES &
LICENSE |
$1,906 |
| UTILITY
EXPENSES |
$34,162 |
|
PROPANE $13,885 |
|
|
TENANTS REIMBURSE |
|
|
ELECTRIC $7,140 |
|
|
TENANTS REIMBURSE |
|
|
PARK LIGHTING |
|
|
LAUNDRY BUILDING |
|
|
WELLS |
|
|
GARBAGE * See "Increase
Income" Comment Page 1 & Below |
|
|
INCLUDED WITH RENT
$8,926 |
|
|
WATER $4,210 |
|
|
MONTHLY TESTING |
|
|
CHLORINATION SYSTEM |
|
|
LAUNDRY BUILDING |
|
|
TOTAL 2007 EXPENSES YEAR |
$70,533 |
IMPROVEMENTS IN 2007:
New water chlorination system $5,220,
Park's main water line repair $3,974. See 2007
expenses above.
REPAIRS IN 2007:
One time expense.
HCD repairs requested $6,707. Additional Misc.
repairs done by the park mainly for HCD requirements:
General repairs by Park $1,744,
plumbing $1,443,
electrician $786. See 2007 expenses above.
INCREASE INCOME by recharging tenants for $8,926
trash expenses plus park's sewer expenses & maintenance. See 2007 expenses
posted below.
Increase income in RV section 13 approved
spaces.
New park owner could start utilizing the 13 RV spaces without drains.
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