Multi-Family Space For Sale @ 900 Coronado St

Property Tour and Contact Detail Information: Property tours are available on June 29th by appointment. Please contact the listing broker to schedule a tour of the property. Investment Highlights: * 93 Spaces, 83 mostly DW MH spaces and 10 Big Rig RV * Includes $160,000 of (22) post HUD Mobile Homes * No rent control * Paved roads, clubhouse, pool, laundry * Infill and operational upside, needs homes * Direct-billed electricity and water recently metered * Large sites capable of housing doublewide units Investment Overview: Located in an area without rent control and high demand for affordable housing, Desert Vista offers an investor a huge infill upside in a park with huge spaces ideal for families. There are currently 22 park-owned that convey with sale some of which are awaiting title in order to rent or sell. Rents of $340 plus utilities started on February 1, 2017. The park mostly consists of fixed-income retirees and some families. The park is direct-billed from City of Needles and Southwest Gas for electric and gas and water was just sub-metered and passed all CPUC standards in December 2016. There is a manager currently in place who handles collections, meter reading, and some maintenance work who lives in an apartment above the clubhouse. The clubhouse has pool tables, bathrooms, and a pool so there is an opportunity to add revenue via RV traffic as spaces get filled. The park has wide roads and cul-de-sacs which would make it appealing to families as it was built like a planned HOA single family development would be. Please Note: Projected 2017 NOI is based on current rents in place.