Southern California Mobile Home Park For Sale 011 10

MHRV Advisors		Mobile Home Parks For Sale & Financing Loans
The Leading Park Brokers		RV Parks For Sale & Financing Loans

For Sale

A d e l a n t o H i g h D e s e r t H o m e s

mobile home park for sale ca 10-17-2011

Upside So Cal MHP	♦ $1,500,000 - Updside Potential
City Water & Sewer	♦ No Rent Control
All Utillities Sub-Metered	♦ On Both City Water & Sewer
FOR SALE	♦ Next to Church, School & Public Bldgs.

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All Listings Summary

MHRV ADVISORS: SoCal Cash flowing park with upside. Located next a school, church and near local city buildings this park in the better area of Adelanto. On both City Water and Sewer all utilities are billed or passed though to the tenants (electric, gas, water, sewer and trash).

The current ownership has been very selective on the tenants over the past several years. Because of that selectivity they have recently been able to purse more park financed purchase, rent, rent to own as well as traditional purchases. There are currently 4 homes ready for occupancy and 5 empty spaces for a total of 9 space which would create an additional $40,000 of income per year or about a 12% total combined return. The fill rate would greatly benefit from more active marketing which is not in place at this time.

20 of the homes are currently owned by the tenants with 16 homes are park owned rentals which would be included in the sale price of $1,500,000. It has purported that nearly 1 million square feet of commercial space has been leased in the past year strengthening both the local job and economic market.

Please do not contact property manager or tenants. All visits must be approved by MHRV Advisors prior to visit.

MHRV Advisors fully cooperates and openly encourages broker and agent participation on all of our listings.

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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.

MHRV For Sale Summary