14625 Mussey Grade Rd Ramona, CA 92065
UPDATED:
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7495000
/mo

-1 Bed

-1 Bath

-1 SqFt

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Key Details

Property Type: Com-MobHmPark

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 180063974

Special Sale: Call Agent,N/K

Type of Financing: Cash,Cash to New Loan

Property Description

Mussey Grade Village Park is a well maintained and well managed Mobile Home Park on 155 acres, located in unincorporated Ramona in San Diego County; Current mix is 91 MH/RV sites and 2 permanent SFR sites; Park is in high demand, with a 1 to 2 year waiting list; 2018 Statement of Operations is available...GOI of $954,878, with NOI of $542,446, for a 7.24% CAP rate at ask price (NOTE: CAP rate is 6.67% after deducting current property taxes and 6.24% CAP rate after estimated prop taxes at ask price); Rents were increased February 1st and effective May 1, 2019, generating an additional $48,000 annual revenue; Multiple financial upsides include adding solar; adding more MH/RV sites; opening 14 existing campsites; and possible subdivision.

Location

State: CA

County: San Diego

Schools

Elementary Schools: Mt. Woodson Elementary School

Middle Schools: Olive Peirce Middle School

High Schools: Ramona High School

School District: Ramona City Unified School District

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Listing Provided By David A. Baker (CA BRE #01413821) of The Prestige Realty Group

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    Glen Henderson Big Block Realty, Inc
    Glen Henderson

    Broker Associate CA BRE # 01384181

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