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
1/13
null | 10% Cap Rate

206 Beardsley Ave
Bakersfield, CA 93308
Oildale


HIGHLIGHTS

  • This rare offer provides investors with a 10 CAP residential investment community, currently 91% occupied and in need of TLC.
  • All homes have city water and sewer, and electricity is provided through PG & E with a master meter with 30/50amps.
  • 100% Tenant-owned homes, with all tenants collecting retirement income, social security, or SDI payments.
  • Cash/Cash-to Loan or 35% Down to Seller Financing | Existing Assumable Loan - $220,000 at 6% - Due in 7 Years
  • $20,000-Per-Space for the individual mobile homes, with 21 total units providing steady cash-flow.

OVERVIEW

CURRENTLY UNDER CONTRACT BUT ACCEPTING BACK UP OFFERS! Comprising 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. All current homes are tenant-owned, and the park maintains ownership of no homes. All homes at Manes Trailer Park are either 5th wheel or travel trailers occupied by long-term tenants who receive retirement income, social security, or SDI payments. In addition to the stick-built home, the property provides an onsite Wash/Storage Room. City Water and Sewer service the property and PG and E provides electricity to the park. The electricity is master metered with 30/50 amperage and is billed back to the tenants. 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. FINANCING AND TERMS OF SALE: There is an Existing Assumable Loan - $220,000 at 6% - Due in 7 Years. The Seller desires the following Terms: Cash/Cash-to Loan or $150,000 Down to the Assumption of the Existing 1st TD and Seller Financing for the balance at a Negotiated Interest Rate and Term. The Seller requests with an offer: 1. Verification of the Down Payment 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.