125 N Phillips St - Manufactured Housing/Mobile Housing FOR SALE
Banning, CA 92220 |
$1,120,000 USD
626-695-6776
125 N Phillips St
Banning, CA 92220
HIGHLIGHTS
- * Seller Financing at 6% Interest Only with a 40% Down Payment, Due in 5 Years
- * 6.51% Cap Rate at 80% Occupancy / Value Add Opportunity
- * Consists of 11 Mobile Home Spaces and 5 Apartments / 7.28% Cash on Cash Return
- * Huge 1.40 Acre Parcel / Underutilized Land for Future Expansion
- * Utility Reimbursements From Residents
FOR SALE DETAILS
PRICE
$1,120,000 USD
PRICE/SF
$622 USD /SF
# OF UNITS
16
PRICE/UNIT
$70,000
CAP RATE
6.51%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Seller Financing - Mountain View MHP
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Manufactured Housing/Mobile Housing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1944
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.4 AC
LAND SF
60,984 SF
ZONING
CM, Banning
APN/PARCEL ID
541-161-012
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626-695-6776
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626-695-6776
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