535 W Atkins Street

    Ridgecrest, CA 93555
    • $1,311,200
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: NP19205131
    UPDATED: 43 min ago
    $1,311,200
    • 0
      BEDS
    • 2.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 105,415
      SQFT
    • $12
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Sierra Sands Mobile Home Community (SSMHC) is an All Age park consisting of 38 mobile home sites and one 3-bedroom Single Family Residence. Additionally an office, laundry room and storage space all combined in 1 building. This is a value add property with low market rents, no rent controls and the opportunity to fill lots - maximizing cash flow and value. Park produces solid cash flow and is primed to grow with good management, filling lots and lot rent increases. The foremost priority will be purchasing used mobile homes in Ridgecrest and surrounding Bakersfield metro area to relocate to SSMHC. SSMHC residents choose to live at SSMHC to be a part of a safe, clean and affordable all age housing community located in Ridgecrest, California with in Kern County & the Bakersfield MSA. The park has a stable tenant base with good collections and compliance of community standards. Park roads were newly paved as of June 2019, upgraded gas and electric meters recently installed in 2018/2019 and water and sewer lines upgraded giving the park the lowest water billing to record. City Water & Sewer. All utilities are billed back. Rent increase effective 12/1/19.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-17T20:39:14.803. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Parkside Real Estate. Licensed in the State of California, USA.
    www.discoverslocountyrealestate.com/homes/98400345

    535 W Atkins Street Ridgecrest, CA 93555

    • Price: $1,311,200
    • Status: Active
    • Updated: 43 min ago
    • ID#: NP19205131
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.42
    Acres
    105,415
    SQFT
    $12
    $/SQFT
    1941
    Built
    Neighborhood:
    RCR - Ridgecrest
    County:
    Kern
    Area:
    RCR - Ridgecrest
    Property Description
    Sierra Sands Mobile Home Community (SSMHC) is an All Age park consisting of 38 mobile home sites and one 3-bedroom Single Family Residence. Additionally an office, laundry room and storage space all combined in 1 building. This is a value add property with low market rents, no rent controls and the opportunity to fill lots - maximizing cash flow and value. Park produces solid cash flow and is primed to grow with good management, filling lots and lot rent increases. The foremost priority will be purchasing used mobile homes in Ridgecrest and surrounding Bakersfield metro area to relocate to SSMHC. SSMHC residents choose to live at SSMHC to be a part of a safe, clean and affordable all age housing community located in Ridgecrest, California with in Kern County & the Bakersfield MSA. The park has a stable tenant base with good collections and compliance of community standards. Park roads were newly paved as of June 2019, upgraded gas and electric meters recently installed in 2018/2019 and water and sewer lines upgraded giving the park the lowest water billing to record. City Water & Sewer. All utilities are billed back. Rent increase effective 12/1/19.
    Exterior Features

    Fence YN Yes Fencing Block Lot Features 16-20 Units/AcreLot Over 40000 SqftLevel Lot Size Dimensions 105415 Lot Size Source Assessor Lot Size Units Acres

    Interior Features

    Condo Area Units Square Feet Laundry Features Community

    Property Features

    Additional Parcels YN No Advertising Expense 1141.44 Asset Class Mobile Home Park Building Area Units Square Feet Building Status Existing Cap Rate 8.00 Country Us Electric Expense 54587.72 Expense Year 2019 Gross Scheduled Income 212894.00 Inclusions Park Owned Homes Insurance Expense 2155.90 Investment Property YN Yes Land Use Mobile Home Park Laundry Equipment Own Lease Own Laundry YN Yes Leasable Area Units Square Feet Legal Accounting Expense 8987.56 Lot Dimensions Source Assessor Maintenance Expense 2050.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 104897.92 Number Of Units Leased 33 Operating Expense 107996.63 Other Expense 5979.93 Professional Management Expense 871.00 Property Sub Type Multi Family Real Estate Tax Expense 19723.60 Resident Manager Expense 10260.00 Security Features Resident Manager Special Listing Conditions Standard Supplies Expense 2239.48 Tax Year 2019 Total Expenses 107996.63 Total Monthly Rent 12910 Utilities Electricity ConnectedSewer AvailableSewer ConnectedWater Connected Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tiffanie Robertson of Berkshire Hathaway Homeservice


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-17T20:39:14.803. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Parkside Real Estate. Licensed in the State of California, USA.
     
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