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For Sale
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B l y t h e M o b i l e E
s t a t e
s
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Near $5 Billion Solar
Project
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♦ $460,000 great small park/owner
operator
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Untapped Potential
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♦ 15 unused additional acres
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Blythe, CA
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♦ Instant cash flow
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FOR SALE
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♦ Primed for additional income
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MHRV ADVISORS: Easy turnaround & tremendous value of a large parcel 18 acres for only 23 space. Sale includes 6
park owned homes and a large secure storage yard with 25 storage sheds. There is a small laundry building with park
owned washers and dryers. The current owner has owned the park since 1970 and lives in Florida, he no longer has
the ability to effectively maintain this type of property from afar. There are currently 7 vacant spaces and only 4
of the 25 storage sheds are currently rented leaving ample room for increased cash flow. The park is served by
onsite well water (which is abundant in an agricultural region) and septic sewer. Tenants are
submetered
for electric. Water, sewer and trash are included in the rent.
Space rents are low at $270 and $310 to $375 for park owned homes - this includes sewer, water and
trash. Current manager receives free rent and all proceeds from
onsite laundry.
Park has new well and plenty of extra acreage for additional storage or future development. The Blythe area is home to largest solar development in the world at
$5 Billion
and there are several other smaller generating stations and plants bringing a wide range of jobs to the
area.
This park opportunity can really benefit form closer ownership. There
are easy cash flow opportunities by renting the park owned homes and filling the storage units. Once an investor accomplishes these items the park can be begin to filling the
vacant spaces and increasing the rents for a much higher yield.
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Subject Photo
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| Please do not contact
property manager or tenants, contact MHRV Advisors before any visit. |
THE
PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND ALL OTHER INFORMATION CONTAINED
HEREIN.
The
information contained herein has either been given to us by the owner or the property or obtained from
sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee
it. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not
necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these
estimates and assumptions made above, as well as the investment income, the tax bracket and other factors
which your tax advisor and/or legal counsel should evaluate.
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