Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.8%
  • Listing ID: 3988991
  • Posted On: Nov 13, 2023
  • Updated On: Jul 3, 2024

Description

This 3 Park Portfolio is available Together or Separate

ELMS MOBILE HOME PARK
$3M @ 7.22% CAP
48 units
New City Water
Onsite Management

THERMAL MOBILE HOME PARK
$3M @ 7.26% CAP
42 units
New Utilities
New Asphalt
New Playground + more upgrades
$160K MH Notes Sold Separate
Onsite Management

DEL YERMO MOBILE HOME PARK
$875K @ 8.91% CAP
46 Spaces + 5,000 SF Warehouse
Tesla Lithium Project Location
Onsite Management

Location

Thermal, CA + Indio, CA + Calipatria, CA
56335 Grapefruit Boulevard, Thermal, CA, 92274
81271 Indio Blvd, Indio, CA 92201
263 E Alamo St, Calipatria, CA 92233

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 136

Financial Information (Actual)

Net Operating Income: $514,170

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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