Under contract. Val Del Rd Mobile Home Park across from 400+ home Nelson Hill Subdivision. Unique hybrid property with great income & 53 total acres (±20 used by park & ±33 undeveloped). Priced based on 10.0% cap on 2020 pro-forma NOI ($148,168), plus 33 acres @ $14,500/acre. 2019 gross $182,629, net $137,478. As of 2-13-20, there are 51 lots (2 vacant), 49 homes (23 park-owned, 26 tenant-owned). On-site private water-sewer system serves existing park & up to 53 new lots (partially developed). County water & sewer on Val Del Rd, connection possible with approval & engineering. ±2173' frontage on Val Del Rd, 938' on Sermons Ln. Site is adjacent to 3 tracts planned for 395 new SFH lots. Assessors' tool says ±58 acres, see pic. 2019 taxes are for real estate & park-owned homes. Summary, financials, layout attached in Docs. Buyer must show proof of funds. No owner financing. Minimum deposit $50k or 2.5%. Sold as-is including all park-owned homes.