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JLee Broker

[email protected] +1(650) 857-1000

Listed by Tim Ryan, DRE #02097345 • Avine Real Estate

$1,350,000

Est. payment - /mo

3 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26098526

Year Built 1998

Lot Size 3 Sqft

Source California Regional MLS

Property Description

Santa Fe Palms MHP is a 27-site manufactured home community located in Borrego Springs, California within San Diego County's northeastern desert. The Property is offered at $1,350,000 and seller financing is offered for qualified buyers with 25% down payment, 5 year term, and 8% interest-only rate. The Property consists of 27 HCD-permitted manufactured home sites, 12 of which are leased. 10 of the leased sites have stylish, tenant owned homes with "Santa Fe Style" design, paying average monthly space rent of $444. The other two occupied sites have park owned homes which are rented for $1,500 per month, less a $510 credit for the manager's unit. The 15 vacant sites have utilities present and varying degrees of lot preparation, presenting an in-fill opportunity for the incoming owner. Evidencing demand in this location, there are two manufactured home parks located within 1,000 feet of Santa Fe Palms which are currently 99% and 94% occupied with average rents of $600 per month and $735 per month, respectively. The Property has a professional third-party off-site management company, with day-to-day support from a resident manager who lives in one of the park owned homes and receives a partial rent credit. The Property is served by public water and sewer and electricity and gas

Location

State CA

County San Diego

Area 92004 - Borrego Springs

Interior

Laundry None

Exterior

Pool Community Facility

View Hills

Building

Water District - Public

Others

Tax ID 1413843700

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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330 Palm Canyon Dr Borrego Springs, CA 92004

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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