A d e l a n t o H i g h D e s e r t H o m e s - for Sale in Adelanto, California
Adelanto, CA 92301
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Mobile Home Park for Sale |
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| Cap Rate: | 9.0% |
| Status: | Active |
| Property ID: | 107826 |
| Posted on: | Nov 08, 2011 |
| Updated on: | Nov 08, 2011 |
| Price: | $1,500,000 |
Property Description
MHRV ADVISORS: SoCal Cash flowing park with upside. Located next a school, church and near local city buildings this park in the better area of Adelanto. On both City Water and Sewer all utilities are billed or passed though to the tenants (electric, gas, water, sewer and trash).
The current ownership has been very selective on the tenants over the past several years. Because of that selectivity they have recently been able to purse more park financed purchase, rent, rent to own as well as traditional purchases. There are currently 4 homes ready for occupancy and 5 empty spaces for a total of 9 space which would create an additional $40,000 of income per year or about a 12% total combined return. The fill rate would greatly benefit from more active marketing which is not in place at this time.
20 of the homes are currently owned by the tenants with 16 homes are park owned rentals which would be included in the sale price of $1,500,000.
It has purported that nearly 1 million square feet of commercial space has been leased in the past year strengthening both the local job and economic market.
>>> For a full market package please visit our website at http://www.mhrvadvisors.com
Vince Reynolds
(858) 456-5111
reynolds@mhrvadvisors.com
Norman Sangalang
(858) 456-5110
norman@mhrvadvisors.com
Location Description
<< DO NOT CONTACT MANAGER OR DISTURB TENANTS >> Any and all visits must be approved by listing brokers first. For more information please download the full Adobe PDF package from http://www.mhrvadvisors.com or call Vince Reynolds or Norman Sangalang for mobile home and RV parks for sale or refinancing and purchase loans. MHRV Advisors is a full cooperating brokerage firm that openly engourages agent and broker participation on all of our listings
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