$850,000
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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-Type | Resale |
| Status | Active |
| Year | 2004 |
| Days On Site | 111 |
Features
| SQ Feet | 1,152 |
|---|---|
| Units | 14 |
| Building(s) | 1 |
Market Activity 92274
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Area Information | |
|---|---|
| State | CA |
| County | Riverside |
| City | Thermal |
| Zip Code | 92274 |
| Area | 316 - Thermal |
| Listing VS Median (in 92274) | |
Price: $850,000 low | high Med: $850,000 SqFt: 1,152 low | high Med: 1,152 $ / SqFt: $738 low | high Med: $738 On Site: 111 low | high Med: 111 | |
MLS Number: 218004610DAListing Provided By:
Angela Maciel-Gibbons of HomeSmart Professionals