80 Ben Hulse Hwy - Manufactured Housing/Mobile Housing FOR SALE


Palo Verde, CA 92266
$850,000 USD
559-741-6055
80 Ben Hulse Hwy, Palo Verde, CA for Sale
$850,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
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80 Ben Hulse Hwy
Palo Verde, CA 92266


HIGHLIGHTS

  • huge upside potential
  • cash flow positive

OVERVIEW

45-site manufactured housing and RV community located in the peaceful, waterfront town of Palo Verde, California. Originally developed in 1950, the property offers approximately 2.59 acres of land with direct frontage to a Colorado River offshoot, featuring a private dock and nearby boat ramping area. The community is comprised of 44 rentable spaces and a 3-bedroom single-family home, currently achieving 48% occupancy with significant upside potential as occupancy approaches stabilization levels. Residents enjoy a host of amenities, including a clubhouse, fenced grounds, on-site laundry facilities, property management services, and direct waterfront access. Each tenant is charged $450 per month plus utilities, with potential income nearly doubling upon reaching 90% occupancy. This one-story property benefits from master-metered electric service, public water, and a septic system, minimizing operational complexities. It is ideally located just 10 minutes from the Colorado River Park’s boat launch, 35 miles from the famous Glamis Sand Dunes recreation area, and 30 minutes from Cibola National Wildlife Refuge, offering residents a unique blend of rural living with recreational amenities close by. The listing price of $850,000 represents a rare opportunity to acquire a waterfront investment asset with immediate cash flow and tremendous value-add upside through improved leasing. With its prime location, attractive tenant amenities, and rental upside, 80 Ben Hulse Hwy presents a compelling investment opportunity for both seasoned and new investors alike.

FOR SALE DETAILS

PRICE

$850,000 USD

# OF UNITS

44

PRICE/UNIT

$19,318

CAP RATE

7.46%

% LEASED

48%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,820 SF

ZONING

NR4

APN/PARCEL ID

006-244-010-000,006-244-011-000

ASK ABOUT THIS PROPERTY

Jonathan SmithRe/Max Blythe RealtyMore Info
559-741-6055

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Jonathan SmithRe/Max Blythe RealtyMore Info
559-741-6055

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