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John Sheedy
  • Commercial Real Estate Broker
  • Scottsdale, AZ
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Seller Financing - Mobile Home Park - Susanville, California

John Sheedy
  • Commercial Real Estate Broker
  • Scottsdale, AZ
Posted Mar 30 2018, 10:56

-Lassen Mobile Home Park

-$950,000 with $250k down at 5.5%

-704 Bangham Dr, Susanville, CA

-30 Total Sites including 2 Homes plus additional acreage

-Fixed interest seller financing available, no park-owned homes

-14.5% total Year 1 return, 7.9% cap rate

-No rent control

-Fenced yards, paved roads, large sites

-Rental and infill upside

-Direct-billed electricity for most sites

-Stable tenancy, historically low vacancy market

-Great return on current numbers plus upside

Offering

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