Operating Expenses & Taxes
Property tax (land): approximately $9,000/year
Mobile home taxes: $4,000–$5,000/year
Park insurance coverage ($2M–$3M): approx. $3,000/year
Mobile home insurance: approx. $6,000/year
Electric bill (security lights & meters): approx. $110/month
Current & Potential Rental Income
Lot 14: A new tenant is moving in the first week of September, paying $1,050/month
Front Double-Wide with Garage: Potential rental income of $1,300–$1,500/month. This unit also includes a 1,500 sq. ft. bodega (2 bed / 1 bath with outdoor kitchen) currently used for storage, which also has rental potential.
Lot 2: Currently vacant, but has its own electric meter and can accommodate a new mobile home unit.
Recent Upgrades & Improvements
The entire park has been converted from gas to electric.
Approximately 95% of the plumbing has been upgraded to PEX piping.
Rent Roll
Monthly: $16,185
Annually: $194,220
Please review the attached certificates along with the above details at your convenience. I am confident that this property offers both strong current income and significant upside potential.