2708 Erskine Creek Rd - Specialty FOR SALE


Lake Isabella, CA 93240
$485,000 USD
661-230-6411
2708 Erskine Creek Rd, Lake Isabella, CA for Sale
$485,000 USD
Specialty - FOR SALE
1/7
null | 7.75% Cap Rate

2708 Erskine Creek Rd
Lake Isabella, CA 93240


HIGHLIGHTS

  • Central to all conveniences
  • next to the beautiful Lake Isabella and surroundings -gateway to the Southern Sierras
  • Very affordable living - high demand park

OVERVIEW

Palace Ranch Mobile Home Park is an active long-time park in the unincorporated area of Lake Isabella, CA. The 55+ community is just to the south of the beautiful Lake Isabella, in Kern County. The park is on about 2 acres. There are officially 34 spaces for Mobile Homes or RV’s, a duplex, a Manager’s SFR with 2-car garage, and a storage building. Both duplex units are 1bed/1bath. Currently the on-site manager is collecting 18 rents. There is potential for a new owner to monetize the other 16 units, as well as other upside opportunities. The park has happy long-term residents with an average 15 years residency.

FOR SALE DETAILS

PRICE

$485,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palace Ranch Mobile Home Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

MH

APN/PARCEL ID

263-240-01-00-0

ASK ABOUT THIS PROPERTY

Philip JordanJordan Apartment GuysMore Info
661-230-6411

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Philip JordanJordan Apartment GuysMore Info
661-230-6411

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