81271 Indio Boulevard

    Indio, CA 92201
    • $1,825,000
    • STATUS: Active
    • ON SITE: 194 days
    • ID#: NP19073003
    UPDATED: 57 min ago
    $1,825,000
    • 0
      BEDS
    • 2.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,000
      SQFT
    • $1,825
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    The Elms Mobile Park is an all age park on Indio Blvd in Indio it sits on 2.4 acres. There are no park owned homes (1 one bed stick built house). Steady cash flow from long term residents. Most residents have been in the same space for five plus years some twenty plus years. All the utilities are passed through. Sewer lines were replaced about 14 years ago never an issue. Power comes into three 200 amp main panels, runs overhead to each space and is submetered. Most panels are 30 amp, 5 have been upgraded to 30/50's. Water is provided by the well, in the last 36 months both pumps have been replaced, the well pipe replaced, 3 brand new WellXtroll bladder tanks installed, the 5000-gallon storage tank was drained and cleaned. Some of the feed water lines have been upgraded. That's It-You provide utilities to the spaces and the residents take care of their home and pay rent. It's not pretty but it's worked for 50 years.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T13:35:38.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.
    www.searchcaliforniahomes.net/homes/93307826

    81271 Indio Boulevard Indio, CA 92201

    • Price: $1,825,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: NP19073003
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.4
    Acres
    1,000
    SQFT
    $1,825
    $/SQFT
    1960
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Riverside
    Area:
    699 - Not Defined
    Property Description
    The Elms Mobile Park is an all age park on Indio Blvd in Indio it sits on 2.4 acres. There are no park owned homes (1 one bed stick built house). Steady cash flow from long term residents. Most residents have been in the same space for five plus years some twenty plus years. All the utilities are passed through. Sewer lines were replaced about 14 years ago never an issue. Power comes into three 200 amp main panels, runs overhead to each space and is submetered. Most panels are 30 amp, 5 have been upgraded to 30/50's. Water is provided by the well, in the last 36 months both pumps have been replaced, the well pipe replaced, 3 brand new WellXtroll bladder tanks installed, the 5000-gallon storage tank was drained and cleaned. Some of the feed water lines have been upgraded. That's It-You provide utilities to the spaces and the residents take care of their home and pay rent. It's not pretty but it's worked for 50 years.
    Exterior Features

    Garage Spaces 2.00 Lot Features Lot Over 40000 SqftRectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 7.00 Community Features Street Lights Country Us Electric Expense 33574.00 Elevation Units Feet Fuel Expense 2693.00 Gardener Expense 1550.00 Gross Income 15500.00 Gross Multiplier 7.50 Gross Operating Income 233400.00 Gross Scheduled Income 240000.00 Insurance Expense 1636.00 Land Lease YN No Laundry YN No Licenses Expense 3335.00 Maintenance Expense 12000.00 Net Operating Income 125692.00 New Construction YN No New Taxes Expense 19745.00 Number Of Separate Electric Meters 47 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 0 Operating Expense 114308.00 Operating Expense Percent 30.00 Other Expense 2106.00 Other Income1 1100.00 Professional Management Expense 15113.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 114308.00 Trash Expense 10224.00 Vacancy Allowance 6660 Vacancy Allowance Rate 3.00 Water Sewer Expense 15539.00 Water Source Well Year Built Source Estimated

    Listing provided courtesy of Scott Urschel of A1 Realty, Inc. and Moe Usman of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T13:35:38.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.
     
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