$800,000
$925,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
33249 Road 224 North Fork, CA 93643
87,120 SqFt
Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Mobile Home
Listing Status Sold
Purchase Type For Sale
Square Footage 87,120 sqft
Price per Sqft $9
MLS Listing ID FR21150846
Sold Date 02/07/22
HOA Y/N No
Lot Size 6.690 Acres
Acres 6.69
Property Description
Great Investment Property! This unassuming, pleasant country mobile home park close to Bass Lake & Yosemite has 15 double wide lots with trees that make this park somewhat shaded, and very nice to live in, that give tenants more room for parking, storage, outdoor furniture, gardening, etc. Two of the units are more recent models, and most are older double wides. Sellers pay for water, trash, and septic servicing; Tenants pay for all other utilities. Metered propane is available onsite. Tenancy tends to be very stable and vacancy rate almost non-existent. Two of the mobile homes are owned by the sellers and are included in the sale, for additional rental income. At this price and at current rental rates, with estimated pro forma fees (current sellers save a lot of money by doing much of the work themselves), it is estimated that a new owner would realize 7.8% cap rate. The property consists of 3 parcels, for a total of 8.57 ac. The two front parcels are .94 ac each, and this area is where the septic area is and the propane tanks are located. It also provides a nice setback from Road 224 and occasional road noise. The third parcel, where the park is located is 6.69 ac that slopes up to a ridge and then down to an undeveloped back area, estimated at approx. 3 acres. This area has lovely distant views of mountains that are snowcapped in winter from the top, and a rolling, treed, very pretty feel to it. This is where the well is located. A Conditional Use Permit would be required to expand the mobile home park or to do some other related business such as putting in an RV Park. Due to the RMS zoning it may be possible to build a single family home back in this area; Buyer to confirm with the County. A sizeable grant to add a solar water filtration system to the property is several years into the process and can be transferred to a new buyer. Relatively recent upgrades have been made to the park, including road patching & repair, water system upgrades and electrical system upgrades. Are you looking for a good income-producing property? Call the listing agent or your own agent to see this soon! Shown by appointment only.
Location
State CA
County Madera
Area Yg50 - North Fork
Building/Complex Name Road 224 Mobile Home Park
Zoning RMS
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Phone Available, Sewer Connected, Water Connected, Overhead Utilities
Building
Lot Description Rolling Slope, Sloped Up, Trees
Water Private, Well
Architectural Style Mobile Home
Others
Tax ID 060040081
Acceptable Financing Cash, Conventional, Owner May Carry, Submit
Listing Terms Cash, Conventional, Owner May Carry, Submit
Financing Seller Financing
Special Listing Condition Standard
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Bought with Tatyanna Nikolaychuk • NONMEMBER MRML