2450 East Hobsonway, Blythe, CA 92225

$2,998,000 Approx. USD 0 beds, 0 baths
2,000 sqft

Agent Remarks

El Rancho Estates is an all-age mobile home park community that sits on 15.31 acres. The property consists of 109 spaces and is currently 45% occupied with double-wide spaces. Amenities include a controlled access front gate, clubhouse with a park office, recreation area, gym equipment, billiards table, kitchen, public restrooms, RV storage area, and a swimming pool. Utilities are directly billed for gas and electricity, sub-metered for water and a flat rate expense to residents for sewer and trash. There are eleven park-owned homes and three notes on three additional homes which provide additional income. With a down payment of $1,000,000 , the seller will carry a first deed of trust of $1,998,000 payable at 4.5% interest only, due in 5 years. the property has a $61,663 positive cash flow at 45% occupancy and after expenses and debt service. Please call or email to request an Offering Memorandum for this value-added opportunity.

Listing Details

Property type: (Commercial)
Status: Active
MLS# CV16193732
List price is $2,998,000
Beds: 0
Baths: 0
Built in 2001
2,000 sqft
15.31 acres
Lot size: 15.000
County: Riverside
MLS area: 374 - Blythe

Last Updated: 9/2/2016

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This listing belongs to the 374 - Blythe MLS area

Lat/Long: 33.609180, -114.558884.
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Broker: Courtesy of MARCUS & MILLICHAP

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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