Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 4.0%
- Listing ID: 1415427
- Posted On: Mar 31, 2021
- Updated On: Oct 18, 2021
Description
27-space MHP on 9.4 acres. 9 POHs, 4 PORVs, 13 tenant-owned RVs + 1 Laundry Room (being remodeled). 90% Occupied. Minutes from South Gate of Joshua Tree National Park. 6 miles from HUGE 550MW Desert Sunlight Solar Farm (lots of jobs). Next to Chuckwalla Valley Raceway, which runs nearly non-stop races & events 11 months out of the year. Well & Septic. 5 acres for future expansion possibilities. 16X25 inground concrete pool (not in use).
Location
Desert Center CA is on Hwy 10, halfway between Blythe & Indio. It's home to Chuckwalla Raceway & Desert Sunlight Solar Farm. It's just 24 miles from Joshua Tree National Park.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $320 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $95,364 |
| Operating Expense: | $59,886 |
| Net Operating Income: | $35,478 |
| Expense Ratio: | 62.8 % |
| Debt Info: | Free and clear |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |