Lake County Mobile Home Park

Kelseyville, CA (Lake County)

Royal Oaks MHP
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Asking Price: $1,395,000

Cash Flow: $10,000

Gross Revenue: $120,000

EBITDA: $120,000

FF&E: $0

Inventory: N/A

Real Estate: N/A

Established: N/A

Lake County Mobile Home Park

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Business Description

Lake County Mobile Home Investment Property. Lakefront resort on fabulous Soda Bay in Lake County CA. Property includes 29 MH spaces, a 3 bedroom home, laundry facility, pier and 250 feet of lake front. Currently there are 7 vacant spaces and the house is vacant. Park has been well maintained. Some high water damage to the retaining wall and pier but owner is in the process of fixing that. Property has great income and potential for more. Tenants pay their own water, garbage, electricity, gas, and cable. Landlord maintains septic, grounds and laundry facility. Landlord owns 3 units and they are included in the sale price of the park. This is a turn-key operation. There is some deferred maintenance on the pier. Starting October 1, 2020 all spaces rents are going to $480.00 per month. The house is currently rented for $1,400.00 per month.

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Detailed Information

Kelseyville, CA
Included in asking price
Real Estate:
Included in asking price
Building SF:
1 Stick built 3 bedroom 2 bath house, 3 mobiles, laundry room, boat ramp, pier and boat docks.
Reason for Selling:
Business Website:
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James Magliulo

Business Listed By:
Jim Magliulo

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