Desert View RV Resort 5300 National Old Trails Rd 68 Unit Mobile Home Park $5,350,000 ($78,676/Unit) 5.32% Cap Rate Needles, CA 92363
INVESTMENT HIGHLIGHTS
- Various Amenities: Clubhouse, Pool, Office, Laundry Room, Restroom Facilities, BBQ Area, Indoor & Outdoor Games, Dog Run, Washing Area, RV & Boat Stor
EXECUTIVE SUMMARY
67 MH & RV Sites
Comprised of 62 RV Sites | 4 MH Sites | 1 Private Residence
Newer Community Built in 2000 & Situated on +/ 7.32 Acres
Well Water & Septic Served Community
Water, Sewer, and Trash Included in the Rent
Sub-Metered Electricity | Only Monthly Tenants Billed for Usage
Automatic Underground Irrigation System Providing Easy Maintenance Landscaping
Various Amenities: Clubhouse, Pool, Office, Laundry Room, Restroom Facilities, BBQ Area, Indoor & Outdoor Games, Dog Run, Washing Area, RV & Boat Storage, Wifi, and 2000 SF Metal Storage Building.
Comprised of 62 RV Sites | 4 MH Sites | 1 Private Residence
Newer Community Built in 2000 & Situated on +/ 7.32 Acres
Well Water & Septic Served Community
Water, Sewer, and Trash Included in the Rent
Sub-Metered Electricity | Only Monthly Tenants Billed for Usage
Automatic Underground Irrigation System Providing Easy Maintenance Landscaping
Various Amenities: Clubhouse, Pool, Office, Laundry Room, Restroom Facilities, BBQ Area, Indoor & Outdoor Games, Dog Run, Washing Area, RV & Boat Storage, Wifi, and 2000 SF Metal Storage Building.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $5,350,000 |
| Price Per Unit | $78,676 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 10.16 |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 7.32 AC |
| Building Size | 1,900 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 2000 |
| Zoning | C-3 |
AMENITIES
UNIT AMENITIES
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Picnic Area
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 67 | - | - |
| 3+2 | 1 | - | 1,900 |
