584 E H Street 1-11, Colton, California 92324, Colton, - bed, bath
ACTIVE$850,000
584 E H Street 1-11, Colton, California 92324
0Bed
0Bath
1,360Sqft
15,000Lot
Year Built
1923
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25125534
Home ConditionPoor
Features
View-
About this home
EXCELLENT BUSINESS OPPORTUNITY! Mobile Home Park for Sale in Colton! Invest in a thriving mobile home park in Colton, offering a unique opportunity for a savvy buyer. This well-established park boasts: - 100% Occupancy: All available spaces are rented, providing a steady stream of income. - Low Management Requirements: Tenants pay their own utilities, simplifying management tasks. - Stable Cash Flow: With a proven track record of occupancy, this park offers a reliable source of revenue. Don't miss this chance to acquire a lucrative business venture. Contact us today to schedule a viewing and take the first step towards owning a successful mobile home park!
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (109 Listings) | |
|---|---|---|---|
| Beds | 0 | 3 | |
| Baths | 0 | 2 | |
| Square foot | 1,360 | 1,335 | 52% |
| Lot Size | 15,000 | 7,400 | 88% |
| Price | $850K | $510K | 95% |
| Price per square foot | $625 | $361 | 97% |
| Built year | 1923 | 9895990 | 7% |
| HOA | |||
| Days on market | 154 | 147 | 56% |
Condition Rating
Poor
The property is a mobile home park built in 1923. The images show the general layout of the park, but there are no images of the interiors of any of the mobile homes. Given the age of the property, it is likely that the mobile homes require substantial repairs and rehabilitation. The property may be unsafe or very uncomfortable to live in its current state.
Pros & Cons
Pros
High Occupancy Rate: The mobile home park boasts a 100% occupancy rate, ensuring a consistent and reliable income stream for the investor.
Low Management Requirements: Tenants are responsible for paying their own utilities, significantly reducing the management burden and operational costs.
Stable Cash Flow: The property has a proven track record of high occupancy, providing a stable and predictable cash flow for the owner.
Business Opportunity: The property is marketed as an excellent business opportunity, attracting investors seeking income-generating assets.
Large Lot Size: The property sits on a 15,000 sqft lot, providing ample space for the mobile home park and potential future expansion or improvements.
Cons
Age of Property: Built in 1923, the property is relatively old, potentially requiring ongoing maintenance and upgrades to infrastructure.
Single Family Residence Classification: Listed as a Single Family Residence while operating as a mobile home park may present zoning or legal compliance issues that need investigation.
Potential Deferred Maintenance: Given the age and type of property, there may be deferred maintenance issues that could require significant capital investment.