$1,500,000
Excellent investment opportunity in Adelanto! This 16-space mobile home park, situated on over 2.5 acres, offers immediate cash flow with a 6.63% current cap rate and a projected pro forma of 8%+. The property features a value-add potential with space to add 3 to 4 more units. Sale includes all mobile home trailers, with three units recently remodeled. Additionally, the site includes an on-site commercial building with a steady income from a bakery tenant. Significant recent upgrades include a newly improved septic system (2024). All leases are month-to-month, providing maximum flexibility for rent increases and management. Ideally located with easy access to Hwy 395.
Listed by Kyungae Yoon with Coldwell Banker Best Realty
MLS Property Type
Commercial Sale
Property Subtype
Multi Family
Status
Active
MLS Number
PW26090078
Building Size
108,900 sq ft
Lot Size
2.50 acres
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