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Lancelot Mobile Home Park
3521 Santa Rosa Avenue, Santa Rosa, CA 95407
Main Photo
Last Verified 12/5/2007
Listing ID 15063334
Highlights
26 MH Sites, 1 RV Site, 2 Houses- 25 Rental Mobile Homes, Huge Depreciation Writeoff
- Excellent Santa Rosa/Sonoma County Location
- Reasonable Rent Levels with No Rent Control
- On Busy Commercial Street
- $2,635,000
Description
26 mobile home sites with one doublewide resident owned, 25 park owned rental mobile homes, 1 RV site, and 2 Two bedroom/One bath houses of approximately 800 square feet. Except for one doublewide that rents for $1,234, all rental mobile homes are 14 foot singlewides, 2 Bedroom/1 Baths and rent for $850-$1,140 with a $900 average. The RV site rents for $460 and the houses rent for $950 and $800. The County of Sonoma rent control ordinance only affects the one homeowner mobile home space in the park. Park owned mobile homes are worth approximately $1,000,000 and can be depreciated over seven years for $143,000 in annual writeoff. Depending on what schedule a buyer uses, park will have total annual depreciation between $200,000-$250,000. Gas and electric are directly billed, water is submetered and provided by a well, but city water is available, and city sewer and trash are included in the rent.
Park is located in the unincorporated area of Sonoma County in Santa Rosa and located on the busy commercial street of Santa Rosa Avenue on the south side of town and on the east side of highway 101.
Map of 3521 Santa Rosa Avenue, Santa Rosa, CA 95407 (Sonoma County)
Created 3/27/2007
Additional Information for 3521 Santa Rosa Avenue, Santa Rosa, CA 95407
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P