Mobile Home Park
Sparkling Waters 55+ MHC
17800 Langlois Rd, Desert Hot Springs, CA 92241
Listing Price: $5,200,000
Cap Rate
5.04%
Number of Spaces
86
Lot Size
14.76 acres
Occupancy
87.0%
Price/Space
$60,465
Spaces/Acre
5.83
Year Built
1973
Investment Overview
See OM
Sparkling Waters 55+ MHC
Investment Highlights
- High-Quality 55+ Manufactured Housing Community in Southern California
- 85 HCD Permitted MH Sites + 1 Unpermitted Mh Site w/ Infill Opportunity
- Comprised of 62 MH Sites | 1 Vacant MH Site | 7 RV Sites | 16 Vacant RV Sites
- Approximately $2.8 Million Assumable Debt at 2.99 Percent Interest Through 2030
- Projected Gross Income of ~$550,401 w/~52.40% Expense Ratio
- Incoming Cap Rate Appoximately 5.04%
- Amenities Package Includes: Clubhouse, On-Site Laundry, Restrooms & Showers, Outdoor Games & Spaces , Pool & Spa
- City Water & Septic Served Community
Listing Price: $5,200,000
Cap Rate
5.04%
Number of Spaces
86
Lot Size
14.76 acres
Occupancy
87.0%
Price/Space
$60,465
Spaces/Acre
5.83
Year Built
1973
Investment Highlights
- High-Quality 55+ Manufactured Housing Community in Southern California
- 85 HCD Permitted MH Sites + 1 Unpermitted Mh Site w/ Infill Opportunity
- Comprised of 62 MH Sites | 1 Vacant MH Site | 7 RV Sites | 16 Vacant RV Sites
- Approximately $2.8 Million Assumable Debt at 2.99 Percent Interest Through 2030
- Projected Gross Income of ~$550,401 w/~52.40% Expense Ratio
- Incoming Cap Rate Appoximately 5.04%
- Amenities Package Includes: Clubhouse, On-Site Laundry, Restrooms & Showers, Outdoor Games & Spaces , Pool & Spa
- City Water & Septic Served Community
Investment Overview
See OM
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