206 Beardsley Ave - Manufactured Housing/Mobile Housing FOR SALE


Bakersfield, CA 93308- Oildale
$550,000 USD
310-704-9109
206 Beardsley Ave, Bakersfield, CA for Sale
$550,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/14
null | 10% Cap Rate

206 Beardsley Ave
Bakersfield, CA 93308
Oildale


HIGHLIGHTS

  • 10 CAP on Current 91% Occupancy - Needs TLC!
  • 100% Tenant Owned Homes! Tenants on Retirement and SSI
  • City Water and Sewer/Billing for Electricity - PG and E
  • Existing Assumable Loan - $220,000 at 6% - Due in 7 Years
  • Cash/Cash-to Loan or 35% Down to Seller Financing
  • $20,000 Per Space for the Mobile Homes

OVERVIEW

Comprised of a community of 20 MH/RV sites and 1 stick-built home, Manes Trailer Park rests on an approximate 0.91-acre lot with 21 total units. The Park owns no Homes. All current Homes are Tenant Owned. In addition to the Stick-Built home, the Property has a Wash/Storage Room. City Water and Sewer service the Property. PG and E provides electricity to the Park. The electricity is master metered with 30/50 amperage and billed back to the Tenants. All Tenant Homes are either 5th Wheel or Travel Trailers occupied by long-term tenants who receive Retirement Income, Social Security, or SDI payments. All property showings must be coordinated through the Listing Agent, Luis Vazquez, at 310-704-9109. The tenants and management are not aware of the sale and are not to be disturbed. The Seller requests with an offer: 1. Verification of the Down Payment ($260,000) and a 3% Deposit ($16,500)in escrow. Escrow and Title to be the Seller's Choice. Due Diligence should be 14 days, and the Close of Escrow 30 days.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$688 USD /SF

# OF UNITS

21

PRICE/UNIT

$26,190

CAP RATE

10%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,115 SF

ZONING

R2

APN/PARCEL ID

114-250-24-00-3

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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Luis VazquezSPERRYMore Info
310-704-9109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.