Cameo Estates

Sales Price: $2,850,000.00

Sales Price: $2,850,000.00
No. Spaces: 145
Price/Space: $20,000
Property Type: Family
Cap Ratio: 8.84%
Net Operating Income: $$256,495
Lot Size: 20 Acres Acres

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Cameo Estates is a 145 space family park located in Twin Falls, Idaho. The land size is approximately 19.94+-acres. Built in the mid 1970’s, club house building with office space, kitchen and two apartments (2ba./1ba.) units. There are two stick built homes one is the managers home and the other is in margin condition that could be renovated or demolished for added spaces or lot/ land could be sold for a new stick built home.

MANAGEMENT/PARK OWNED HOMES: There are no parks owned homes other than the current manger’s home. The mangers (couple) compensation is $1,950/mo. Plus free rent and utilities.

UTILITIES: The community is serviced by city water and city sewer system. Owners pay water, sewer and garbage. Irrigation water is available to all tenants.

RENTS/OPEN SPACES: The rents are currently $250, owner currently pays water, sewer, and garbage. A rent increase notice or metering could be enacted first of the year, market rents would support this pass through. There are currently 7 open spaces, great market for pre-owned homes sold on Seller contracts.

AMENITIES: Park includes a Club house, separate office, kitchen and restrooms. There is also a fenced R/V or Boat storage for tenants.