Property details

Southern California Mobile Home Park Developments, Pacific West Region

Property Description

Southern California Mobile Home Park Developments

Off-Market & Confidential. 5 Star Mobile Home Park Development Opportunity

High Desert California Area

Very High Demand Area for Area Retiring Baby Boomers and Those Moving to Southwest Arid Climate for Retirement

75 Acres in High Growth Area Just Off Main Artery with All Amenities in the Area With Approvals and Utilities

$650,000 buys Investor One-Half Interest in Land, which has room for 500 plus Mobile Home Spaces of 6000 square feet with room to spare for an All-Purpose First Class Clubhouse and Recreational Center including Pool/Spa.

$2,500,000 buys one-half ownership in Ist Phase of Development, which will include 200-250 Spaces which will bring $600 per month per space plus Solar Energy Credits based upon number of Space Renter participants..Just the space rent on 200 spaces will bring in $1,440,000 annually. All homes in this Five-Star Park will be required to meet high quality CC&R standards, and all houses will include a double car garage. The houses will be first class construction.

Upon completion of 1st phase, Investor will have the option of buying out existing partner or roll over percentage of profits in 2nd phase with potential of at least doubling income. 3rd and 4th phases will follow the same order.

Existing Partner has other land available for additional Parks and depending on partnership success on this initial Park, Investor will be given option of joint venturing or executing a future purchase or a buyout.

Existing Land Owner and Developer has extensive experience in Mobile Home Park development, management and brokerage, in addition to having other business interests that include extensive track record of success and integrity.






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Highlights

Status:
Available
Price:
$3,150,000
 

Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
1270
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.