RV Park/Campground Details
- Cap Rate: 8.0%
- Listing ID: 403390
- Posted On: Sep 20, 2013
- Updated On: Feb 22, 2014
Description
TALL TREES MOBILE HOME PARK is located at 1867 Broadway Street, Vallejo, California.
TALL TREES MOBILE HOME PARK is a 203-site mobile home park and was constructed in 1941 on 12.01 acres. Gas, electric and water is sub-metered and paid by the tenants. Trash and sewer is pass-through to the tenants as well. The property is serviced by municipal city and water services. The gas lines on the property have cathodic protection as an earthquake safety precaution.
This community consists of 105 single wide mobile homes, 83 RV spaces, 15 RV ‘s on mobile home spaces, 1 apartment and 2 single family residences. Amenities include a laundry room, bathroom and shower facilities. There is currently 1 vacant mobile home space.
Location
This all age community provides convenient access to the post office, shopping centers, parks, and other recreational activities. The Park is also surrounded by all major freeways and located near Solano County Transit routes.
TALL TREES MOBILE HOME PARK offers an investor a stable and consistent income stream. The quality and it’s management should also be taken into account when considering this rare opportunity. TALL TREES MOBILE HOME PARK is a gem in the great rental market of Solano County.
Amenities
- Laundromat
- Manager Office
- Bathhouse
Park Information
| Number of RV Lots: | 98 |
| Year Built: | 1940 |
| Average RV Lot Rent: | $402 |
| Size: | 12.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $1,313,501 |
| Operating Expense: | $581,650 |
| Net Operating Income: | $623,226 |
| Expense Ratio: | 44.3 % |
Utility Information
| Water: | City |
| Sewer: | City |