Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1126526
  • Posted On: Aug 27, 2019
  • Updated On: Oct 7, 2019

Property Description

VALUE ADD MOBILE HOME PARK IN BAKERSFIELD METRO AREA!
Sierra Sands Mobile Home Community (SSMHC) consist of 38 mobile home lots and 1 three-bedroom/1 bath Single Family Residence. 32 occupied lots, 6 vacant, developed lots, 3 bdrm SFR is occupied. Additionally an office, laundry room and storage space all combined in 1 building. This is a value add property with low market rents, no rent controls and the opportunity to fill 6 vacant lots - maximizing cash flow and value. Park produces solid cash flow and is primed to grow. There is still value ad for the new owner to maximize occupancy, cash flow, and value. The foremost priority in maximizing cash flow and value will be purchasing used mobile homes in Ridgecrest and surrounding Bakersfield metro area to re-locate to SSMHC. SSMHC residents choose to live here to be a part of a safe, clean and affordable all age housing community located in Ridgecrest, California with in Kern County & the Bakersfield MSA. The park has a stable tenant base with good collections and compliance of community standards. New Roads as of June 2019, upgraded gas and electric meters recently installed and water and sewer lines upgraded giving the park the lowest water billing to record. City Water & Sewer. Rent increase effective 12/1/19 - $355.00

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 85.0 %
Year Built: 1941
Average MH Lot Rent: $330
Size: 2.4 acre(s)

Lot Information

Singlewide Lots: 35
Doublewide Lots: 3
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 0