Contact Information

Mobile Home Park Details

  • Price: $3,250,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.3%
  • Property ID: 1896232
  • Posted On: Sep 27, 2022
  • Updated On: Sep 27, 2022

Property Description

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Land Size: 2.4 Acres
Type of Park: All Age Community
# of Spaces: 45 mobile home spaces + 2
non permitted spaces + 1 SFR
Utilities: Electric, Gas and Propane Gas are
Sub-Metered; Water, Trash, and Sewer are
a flat fee, and all are paid by Tenants
Amenities: Laundry Room, Office, and Storage
Ficus trees planted approx.
100
• New Irrigation lines – Front
and Parking Lot
• New Laundry Room with office
• 2 Storage Units
• New Solar Streetlights at
Entry & Exit
• New Signage
The information contained in this document has been sourced from sources believed to be reliable. We
make no guarantee it is accurate but believe that it is. A potential buyer should independently verify
information.
• New Pump on Well
• New Well Gate
• New Block Dumpster
Enclosure
• Electrical Lines & Meters
Upgraded
• New 505 Foot Block Wall
• $50,000 New Wood Fences
and Painted
*New Paving, Water Lines and City Water Connection are in the works*

Location

Indio (Spanish for "Indian") is a city in Riverside County, California, United States, in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix.

The population was 89,137 in the 2020 United States Census, up from 76,036 at the 2010 census, an increase of 17%.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 48
Total Occupancy: 100.0 %
Average MH Lot Rent: $412
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $332,094
Operating Expense $126,676
Net Operating Income $205,417
Expense Ratio 38.1 %
Debt Info

Lot Information

Singlewide Lots: 47

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 0

Video

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