Starting Bid $900,000
Participation Deposit $10,000
Auction 6/13/16-6/15/16

Investment Highlights:
• Two –Star, All Age, Affordable MH Community with 4.64 Acres of Residential Zoned or Development Land.
• Four (4) Undeveloped Sites with Expired Permits to Install Utilities and Prepare Sites for Occupancy: #73, #74, #75 & #76.
• 71 Fully Operable MH Sites. One Bedroom Apartment Site. &2 Occupied Sites/Units.
• Four 1.16 Residential Lots Included in the Sales Price. Zoned R-1-1.

Investment Overview:
72 unit mobile home park built in 1954 on 8.165 acres and is currently 95.8% occupied. The mobile home park is located in Palmdale just off the Pearblossom Highway and lays within a largely undeveloped tract of residential near a few largescale industrial projects. The on-site improvements are comprised 72 site community with 4 additional permitted slots for a total of 76 units. The property has been fully updated with new electrical, lighting, and septic systems.

***NOI Is Annualized Through December 2016***

https://www.ten-x.com/commercial/details/6150-e-avenue-t-palmdale-ca-93552-193048676-b_191

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