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For Sale
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M.ountain View Villas -
MHC
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5 Star, 55+ Newer Built
MHC
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♦ $11,000,000 - 5 Star, 55+ Park
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San Bernardino County
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♦ 179 Oversize Spaces with Garages
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Apple Valley, California
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♦ Very Modern Park built in 1990 & 2005
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Status: FOR
SALE
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♦ Below Market Rents + No Rent Control
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Trophy 5 Star 55+ MHC in So. Cal.
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♦ Upside, 31 New 1st Generation Spaces
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One of the newest parks in CA
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♦ On City Services, Direct Billled Gas & Elec.
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MHRV ADVISORS: This is a rare opportunity to purchase one of the newest 5 Star, 55+ (Senior) Manufactured
Housing Community in Southern California. Built in 1990 & 2005 the quality of the park, tenants, homes and
infrastructure makes this park a rare investment opportunity.
There is inherent value both now and in the future value from ownership of this park with the
upside in rents at $399 per space (lower than market of $500+) with no rent control and an additional 31 brand
new 1st generation luxury spaces. Expenses are very low with direct billed electric, gas and water, passed
through trash and sewage and newer more modern construction that older parks.
Amenities include a clubhouse, pool, laundry, playground, RV Parking and Green Belt areas. The 2005 phase is on
city sewer and 1990’s section is on a treatment plant that is excellent
condition. www.mountainviewmhc.com
Mobile Home For Sale Website
| Please do not contact
property manager or tenants, contact MHRV Advisors before any vist. |
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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