Type : Mobile Home Park
Property  
Price : $1,499,000.00
Price Per SF : $87.23
Building SF : 17184
Lot SF : 1200513
Number of Units : 81
CAP rate : 22.27 Proj
Address : 8132 HWY 111
Niland, CA 92257
Notes and Property Description : VENTURE PACIFIC COMMERCIAL SERVICES IS PLEASED TO PRESENT THE OASIS MOBILE VILLAGE A MULTI-TENANT MOBILE HOME/RV PARK WITH INDUSTRIAL OFFERING WITH TREMENDOUS UPSIDE!!!

This mobile home park is comprised of 77 mobile homes/RV sites, 22 furnished park owned mobile homes and 4 industrial buildings. Extensive features include an oversized swimming pool, a large recreational center with kitchen accommodations, ample off-street parking/storage and sub-metered electricity, water and gas. The village is situated on a large 27.56-acre parcel on the main commercial thorough Highway 111.

The park has undergone extensive recent renovations including new ground asphalt throughout the park and the renovation of the recreational center with new stucco and carpet throughout, a state-of-the-art glass wall reception area, a lounge area with a large television, kitchen accommodations with new appliances and cabinets, conference room, souvenir shop, internet lounge, game room with 2 pool tables, shuffleboard, vending machines and a poker room.

This mobile home park provides tremendous upside potential through the stabilization of the vacancies. Once 80% occupied an investor is projected to realize a favorable CAP rate of 22.27%. Investment opportunities like this rarely come available!