James Court Mobile Home Park is a gated community (All Ages) comprised of a total of 5 single-wide mobile home park spaces plus 17 RV lots with drains, 6 apartment units, plus a Single-Family Home (3B/2B). This paved park is serviced by public City water and City sewer, electrical is sub-metered and all but one unit is direct metered for gas. The majority of the mobile homes / RVs are Tenant Owned, except one park - owned unit (remodeled) plus stick built apartments. James Court operates as a 55+ community however there are no restrictions or permit requirements for all ages. The ownership has completed an extensive renovation of the community which includes a new mechanical entry gate, slurry coating on paved roads, remodeled laundry facility, all the gas meters, house has undergone a full interior remodel including new roof within the last two years, and interior remodel to 1 Bedroom apartment. Space rents are $550 per month per month, however the market rates are $650, plus tenants reimburse sub-metered electrical / gas to the ownership which direct bills the residents. The MHP is cash-flowing with in-place rents, yet there's an additional $3,850 in potential space rent income leasing the available (6) vacant spaces, equating to a 10.3% proforma cap rate! The spaces are in high demand, although the ownership is very thorough when approving applicants. The market supports residents bringing in their own MH/RV and leasing the pad space. Furthermore, three (3) of the apartment units are leased to long-term tenants at 50% of market rents which over time or vacating should be increased to market rate. The ownership self-manages James Court utilizing an onsite manager to help coordinate showings, vendors, and any maintenance repairs. 112-124 McCord Ave is located in the Oildale sector of Bakersfield. This area of Bakersfield has experienced significant growth due to its close proximity to employers such as Amazon, FedEx, and the municipal airport. The subject property is in close proximity to major anchored commercial amenities such as the WalMart Center, Family Dollar, along with restaurants and other essential daily needs services.