Mid-Towne Mobile Terrace is an attractive, well
maintained, 79-space community located in Salinas,
California.
The lot size of the property totals 6.12 acres and yields a
density of 13 pads per acre. The property was developed
in two phases in approximately 1955 and 1965.
Currently the local manufactured home dealers have a
welcoming relationship with the Seller. The home dealers
have been setting up new homes for sale in the park in
exchange for free lot rent.
Water, gas and electric are sub-metered and billed to the
residents. Sewer and Garbage Fees are passed thru to the
residents. The property is serviced by city water and
sewer. Residents pay directly for Cable TV. It should be
noted that the subject property is affected by the City of
Salinas Rent Control Ordinance. The local rent control
is favorable with Vacancy Decontrol and a historical
average of 2% annual increases.
Salinas is the county seat and largest municipality of
Monterey County, California. The population was
164,000 as of 2014. The city is located at the mouth of
the Salinas Valley roughly eight miles from the Pacific
Ocean and has a coastal climate. It should be noted that
the current residents cover a diverse labor force.
