Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 703020
- Posted On: Sep 7, 2016
- Updated On: Mar 15, 2017
Description
• 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 large scale 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.
https://www.ten-x.com/commercial/details/6150-e-avenue-t-palmdale-ca-93552-193048676-b_191
Park Information
Community Type: | All Age |
Number of MH Lots: | 72 |
Total Occupancy: | 96.0 % |
Year Built: | 1954 |
Size: | 8 acre(s) |
Financial Information
Net Operating Income: | $227,462 |
Utility Information
Sewer: | Septic |