SKYWAY TRAILER COURT 5615 , Paradise, CA 95969

Thomas Traphagan PO BOX 66,RAVENDALE, CA 96123 [email protected] (530) 249-2974 SKYWAY TRAILER COURT $575,000

*BROKER COOPERATION INVITED* Our mobile park is a 17 site mobile home park constructed in in the late 1960's on approximately 2.50 acres. All are tenant owned in the park. The average rent is $400.00 Gas and electric are billed by PG&E and paid by the residents. Trash and water are billed directly to the tenants at a flat rate. The property is on septic and city water. The Septic has a new commercial system that was installed approximately 5 years ago. The onsite laundry and showers are disconnected and are currently not in use. This park has a 1 with a possible room upstairs. The office could also be used as a unit as it has it' s own and kitchenette it is attached to the house and all are onsite. Seller has 2 other parks in the Northern California region and are willing to look at a package Main home on property deal.1 of these parks are in Paradise CA. 1 is above Oroville Lake CA To prepare for sale of park owners are certifying all septic systems per state and county guidelines and regulations. This will provide a faster close in escrow. These certifications will be accomplished in late January 2018. ALL REASONABLE OFFERS ACCEPTED. EMAIL: [email protected]

• 1169 SF COMMERCIAL OFFICE OR HOME POTENTIAL • 200 SF COMMERCIAL OFFICE OR HOME POTENTIAL

Price: $575,000

No. Spaces: 17

Building Size: 1,196 SF

Price/Space: $39,411.76

Property Type: Multifamily

Property Sub-type: Mobile Home/RV Community

Property Use Type: Investment

Cap Rate: 9%

Gross Rent Multiplier: 7.97

Occupancy: 80% Financial Summary

AnalysisType Actual Net Operating Income $60,300

5615 SKYWAY, Paradise, CA 95969

The park is located above Chico California in the Retirement Community of Paradise CA. This park is 10 minutes to Chico CA. Within walking distance to a medical facility and is 1 block from the proposed and accepted Safeway to be constructed.

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Jun 16 vs. 3 mo. prior Y-O-Y — State $206,014 +2.9% +13.1%