Vacant Trailer Park w/Billboard Income 401 Sterling rd 10 Unit Mobile Home Park $129,000 ($12,900/Unit) Pearsonville, CA 93527

9.58 Acre redevelopment opportunity with existing cash flow!
Here's a fun project with a lot of upside potential. Priced to sell! GREAT for both first-time and experienced investors! GREAT for owner-operator (live in one and rent the others) or for an added long-term asset.
This offering is for a vacant 10-space trailer park with cash flowing dual-panel billboard (professionally managed - 100% passive income).
This trailer park is a great project for the right investor. This was a previously operational 10-unit mobile home community with clubhouse, but was left in disrepair after the previous owner passed away. It's going to take some work for it to be operational again, but once it is, it could be a gold mine.
The park is positioned well for mobile home owners desiring larger lots on the outskirts of town. The park has nearby amenities (fuel/groceries) and is about 20 to 30 minutes away from Ridgecrest / China Lake.
At a conservative estimate, each space can rent for $700+/mo., with gross annual revenue of $85,000+. Estimates for restoration of the park is anywhere between $150k - $300k. Also, this property is a PERFECT candidate for FREE federal and state grants to redevelop this park (https://www.hcd.ca.gov/grants-and-funding).
The dual-panel billboard is managed by Sun Advertising. They perform all advertising and maintenance services of the billboard and have been the advertiser of this billboard for approximately 50 years. The owner of the property receives a 25% share of advertising revenue which is currently about $1,000 a year. The current lease with Sun Advertising has 14-years remaining with an automatic extension unless the property owner chooses to cancel.

Plus, value-add opportunity: Ideal location for an EV Charging Project to increase cash flow even more, grants available (https://afdc.energy.gov/laws/12744).