Mobile Home Park

Ponderosa MHP

135 Ponderosa Way, Weimar (Colfax), CA 95713

Listing Price: $2,000,000

Cap Rate
6.25%
Number of Spaces
30
Lot Size
2.50 acres
Occupancy
96.00%
Price/Space
$66,667
Spaces/Acre
12.00
Year Built
1970

Investment Overview

Ponderosa MHP is located at 135 Ponderosa Way in Weimar, California. It is a 30-space park that is licensed for 29 Mobile Homes and one RV space. It is an all age park and is serviced by municipal water and a private septic system. It is located on approximately 2.5 acres and rarely has any vacancies. The park has a cinder block laundry room but there are no amenities at the park to maintain. The electric is master-metered to the park and sub-metered to the tenants. There is propane service for the tenants. There is currently no rent control in Weimar. The park mostly consists of single wide homes with a few double wide homes and RV's mixed in.

Weimar is about 10 miles above Auburn, California on Interstate 80. You can see the park as you pass it going north on the freeway. Amtrak stops at Colfax, California which is about three miles east on I-80 past Weimar. The elevation is about 2300 - 2600 feet. It is generally above the fog and below the snow so there is not a lot of winter maintenance issues at the park due to its low elevation.

This park will make an excellent investment for a buyer who is looking for a clean, well kept, well occupied park in a location without rent control.

Investment Highlights

  • No rent control
  • City Water
  • All Age park
  • No park owned units
  • No amenities to maintain

Exclusively Listed By

Listing Price: $2,000,000

Cap Rate
6.25%
Number of Spaces
30
Lot Size
2.50 acres
Occupancy
96.00%
Price/Space
$66,667
Spaces/Acre
12.00
Year Built
1970

Investment Highlights

  • No rent control
  • City Water
  • All Age park
  • No park owned units
  • No amenities to maintain

Investment Overview

Ponderosa MHP is located at 135 Ponderosa Way in Weimar, California. It is a 30-space park that is licensed for 29 Mobile Homes and one RV space. It is an all age park and is serviced by municipal water and a private septic system. It is located on approximately 2.5 acres and rarely has any vacancies. The park has a cinder block laundry room but there are no amenities at the park to maintain. The electric is master-metered to the park and sub-metered to the tenants. There is propane service for the tenants. There is currently no rent control in Weimar. The park mostly consists of single wide homes with a few double wide homes and RV's mixed in.

Weimar is about 10 miles above Auburn, California on Interstate 80. You can see the park as you pass it going north on the freeway. Amtrak stops at Colfax, California which is about three miles east on I-80 past Weimar. The elevation is about 2300 - 2600 feet. It is generally above the fog and below the snow so there is not a lot of winter maintenance issues at the park due to its low elevation.

This park will make an excellent investment for a buyer who is looking for a clean, well kept, well occupied park in a location without rent control.

Exclusively Listed By

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