17669 Frontage - Manufactured Housing/Mobile Housing FOR SALE


North Edwards, CA 93523
$799,000 USD
310-704-9109
17669 Frontage, North Edwards, CA for Sale
$799,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 9.44% Cap Rate

17669 Frontage
North Edwards, CA 93523


HIGHLIGHTS

  • 9.44 CAP Rate - Current
  • Includes 5 Park-Owned Double Wide Homes and a 3BR/2BA SFR
  • 92% Occupancy
  • Approximate $100,000 investment in Solar Panels that convey with the Sale
  • Potential Seller Financing with $300,000 down payment
  • Quick Potential Escrow

OVERVIEW

Desert Palms Mobile Home Park rests on approximately 2.12 acres, comprised of 2 separate, contiguous parcels. The property comprises 12 rental units, including an approximate 1,400 SF 3 BR/2BA single-family house and 11 other rental units. 5 of the units are double-wide Park-Owned homes and will convey with the sale. The remaining 6 are tenant-owned. Occupancy is currently at 92%. Included with the Sale is an approximate $100,000 investment in Solar Panels that reduce electricity costs. The Seller has indicated that with a $300,000 down payment, Seller Financing at market terms will be considered. SELLER HAS REQUESTED THAT ALL SITE VISITS BE BY APPOINTMENT ONLY AND THAT THE MANAGER NOT BE DISTURBED.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

12

PRICE/UNIT

$66,583

CAP RATE

9.44%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Palm Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

A-1

APN/PARCEL ID

233-330-02-00-0

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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Luis VazquezSPERRYMore Info
310-704-9109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.