64270 Vela Court
Thermal, CA 92274

Description

Money money money!!! Rake in on this Great opportunity to own your own Residential income property! Without the headaches of repairs. This mobile home park has 14 spaces all newer units . 12 Tenants pay $420 plus a month for space each tenant pays their own utilities all on separate meters in place are in a 10 year lease agreement, 8 years remain on the lease. Rents can be raised. There is also $120,000 worth in Palm Trees!4 septic tanks 2 are 4K gallons and 2 are 3K gallon tanks Water well is 7 years new. There is a meter for each home for water and for power each unit pays their own. Seller lives in the unit and pays; Taxes $165.33 per month (1984 per year) Insurance $110 per month Trash $250 Gas $20 Water well power $80-100 Total expenses =$635.33 per month Income from 12 units = 5040 Income from double wide = 400 (month to month may be raised to minimum $700) Income from sellers unit potential $700 Current income is $5440.00 Potential income $6440.00 Plus

Details

MLS#218004610DA
Sub-TypeResale
StatusActive
Year2004
Days On Site111

Features

SQ Feet1,152
Units14
Building(s)1

Market Activity 92274

Loading Form

Loading Form

Area Information

StateCA
CountyRiverside
CityThermal
Zip Code92274
Area316 - Thermal
Listing VS Median (in 92274)
Price:
$850,000
low | high
Med:
$850,000
50% of Average
SqFt:
1,152
low | high
Med:
1,152
50% of Average
$ / SqFt:
$738
low | high
Med:
$738
50% of Average
On Site:
111
low | high
Med:
111
100% of Average
Listing Updated: 04/24/2019
MLS Number: 218004610DA
Listing Provided By:
Angela Maciel-Gibbons  of  HomeSmart Professionals
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.