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10077 Marysville Road
Dobbins, CA 95935 ·

49 Spaces · Multifamily For Sale

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COUNTRY AIR MOBILE HOME PARK

Price N/A Property Sub-type Mobile Home/RV Community
No. Spaces 49 Property Use Type Investment
Property Type Multifamily Lot Size 9.42 AC
Listing ID: 14098611 Date Created: 01/14/2005 Last Updated: 06/07/2006

Description

CLOSED ESCROW 2-7-06 -- PENDING SALE IN 1 MONTH WITH MULTIPLE OFFERS. SELLER & BUYER SIGNING ESCROW MONDAY & TUESDAY, CLOSING FEBRUARY 7, 2006. 49 SPACES HCD APPROVED (29 MH, 7 RV w/ drains, 13 RV w/o drains). SPACE RENT $195 TO $245. $79,260 GROSS INCOME. SELLER FINANCE.

9+ ACRES, IN FOOTHILLS, LEVEL TO SLOPING, PINES & OAK TREES, 2 WELLS, SEPTIC SYSTEM. SELLER HAS OWNED PARK FOR 13 YEARS AND RENTS WERE LAST RAISED 3 YEARS AGO AT $10.

5 PARK-OWNED UNITS: #3 $310, #18 $310, #19 $310, #20 $375, #23 $250.

SPACE RENT: $190 SINGLE WIDES TO $240 DOUBLE WIDES WITH WATER, SEWER, TRASH INCLUDED.

FINANCIAL: 2005 PROJECTED RENT ONLY INCOME (w/o electric reimbursement) = $77,348. JANUARY RENT ROLL $6,445.70 x 12 = $77,348 (rent space only before electric reimbursement).

2004 GROSS INCOME $79,260 COMBINED: SCHEDULE RENT INCOME $75,060 + ELECTRIC REIMBURSEMENT 11 TENANTS $4,200 = $79,260 TOTAL COMBINED INCOME 2004

SELLER FINANCE: MINIMUM $250,000 DOWN, SELLER CARRY $200,000 LOAN, 7.5% INTEREST, LONG-TERM FINANCING.

TOTAL 18 PHOTOS (PHOTO OF EACH PARK-OWNED MOBILE HOME) + 1 PARCEL MAP.

COUNTRY AIR MOBILE HOME PARK, 10077 MARYSVILLE ROAD, DOBBINS, CA. IN FOOTHILLS OF YUBA COUNTY. HWY 20, AT BROWNS VALLEY, TURN ONTO WILLOW GLEN ROAD, TO 12 MILES TO MARYSVILLE ROAD, TURN RIGHT, GO 7 MILES TO PARK ON LEFT AT BIG CURVE IN ROAD, NEXT CROSS STREET IS ROBBINS WAY.

Highlights

  • HCD APROVED 49 SPACES (29 MH, 7 RV w/ drains, 13 RV w/o drains)
  • LAUNDRY BUILDING 400 SQ. FT WITH EQUIPMENT
  • 9.42 ACRES IN YUBA COUNTY FOOTHILLS NEAR NEVADA & BUTTE COUNTIES
  • MANAGER: FREE SPACE RENT FOR THEIR DOUBLE WIDE + $100
  • 5 PARK OWNED UNITS #3, 18, 19, 20, 23 (RENT $250 TO $375)
  • 2004 GROSS INCOME $79,260 ... GROSS OPERATING EXPENSES $42,940

Research

10077 Marysville Road, Dobbins, CA 95935 (Yuba County)

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