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125 N Phillips St
Banning, CA 92220
Seller Financing - Mountain View MHP · Multifamily Property For Sale
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2,682 SF
Investment Highlights
- * Seller Financing at 5% Interest Only, Due in 5 Years, 45% Down Payment
- * Consists of 11 Mobile Home Spaces and 5 Apartments / 7.72% Cash on Cash Return
- * Utility Reimbursements From Residents
- * 6.22% Cap Rate at 85% Occupancy / Value Add Opportunity / 7.58% Proforma Cap Rate
- * Huge 1.40 Acre Parcel / Underutilized Land for Future Expansion
Property Facts
| No. Units | 16 | Building Size | 2,682 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Building Class | C | Year Built | 1944 |
| Lot Size | 1.40 AC | Tenancy | Single |
| Zoning | CM, Banning | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 2,682 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 1944 |
| Tenancy | Single |
| Zoning | CM, Banning |
Property Taxes
| Parcel Number | 541-161-012 | Improvements Assessment | $185,692 |
| Land Assessment | $423,611 | Total Assessment | $609,303 |
Property Taxes
Parcel Number
541-161-012
Land Assessment
$423,611
Improvements Assessment
$185,692
Total Assessment
$609,303
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