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Ron Largent, The Largent Team 2165 Larkspur Street Redding, CA 96002 (O) 530-248-5601 (F) 530-248-5701 11398 MULETOWN ROAD SHASTA,

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Presentation on theme: "Ron Largent, The Largent Team 2165 Larkspur Street Redding, CA 96002 (O) 530-248-5601 (F) 530-248-5701 11398 MULETOWN ROAD SHASTA,"— Presentation transcript:

1 Ron Largent, The Largent Team 2165 Larkspur Street Redding, CA (O) (F) MULETOWN ROAD SHASTA, CA $1,300,000

2 The Frontier Hills Mobile Home Park is located in the beautiful hills of Old Town Shasta less than 6 minutes from downtown Redding, CA. The park was built in 1970(s) and has a total of 28 units conveniently located off of HWY 299 West. There is a duplex located in the front of the park and the other 26 spaces are mobile homes. Public-Private well and water (septic system with well water and public utilities). Managers office is located in the park and available for tenant on-site needs. Laundry facility and RV parking area (Minimal Monthly Fee) is located in the park. All of the spaces are unique in design and offer beautiful scenery and quiet surroundings. (55 and older park). Excellent investment income property with a net income cap of 7%. (Proforma Cap of 9%) Low monthly operational expenses and income generated from monthly rental of spaces. Park rents include water, sewer and garbage. History of long term tenants with ideal setting for seniors and retired individuals MULETOWN ROAD SHASTA, CA 96087

3 11398 MULETOWN ROAD SHASTA, CA INVESTMENT INCOME PROJECTION WORKSHEET *ANNUALIZED OPERATING DATAPROFORMA Park & Duplex CAP RATE:7.80% Gross Operating Income$121,880Gross Operating Income$137,396PROFORMA Total Expenses$35,959Total Expenses$35,959 Net Operating Income$85,921Net Operating Income$101,437 PARK EXPENSESPARK INCOMECurrent Rent/Mo.ProForma Real Estate Taxes$6,011Space 1 -26$335$350 Insurance$1,555Space 27$0$350 Admin / Office$274Space 28$0$350 Repairs & Maintenance$6,694Total Income Monthly$8,710$9,800 Utilities$16,297Total Income Annually$104,520$117,600 Total Expenses$30,831Laundry$320$236 Parking / Storage$840$1,860 DUPLEX EXPENSESTotal Annual Park Income$105,680$119,696 Real Estate Taxes$3,000 Insurance$1,555DUPLEX INCOMECurrent Rent/Mo.ProForma Admin / Office$96Home A$875$925 Repairs & Maintenance$477Home B$475$550 Utilities$0Total Income Monthly$1,350$1,475 Total Expenses$5,128Total Annual Duplex Income$16,200$17,700 * Data for 2009 forward. Offering Price:$1,300,000 Management is not included in expenses. This is for illustrative purposes only. The buyer is suggested to contact the seller for specifice financial records prior to an offer. The Largent Team and Keller Wiliams is providing this for information purposes and is not liable for any financial inaccuracies. Excellent Mobile Home Park Long term tenants Senior MHP quiet & beautiful Manager on site Location is ideal

4 11398 MULETOWN ROAD SHASTA, CA Old Town Shasta Whiskeytown Lake


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