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125 N Phillips St
Banning, CA 92220

Price Upon Request

Manufactured Housing Mobile Home Park For Sale  •  2,682 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 2,682 SF
  • Lot Size 1.4 AC
  • Building Class C
  • Year Built 1944
  • Tenancy Single
  • Zoning CM, Banning
0 Transit Score
55 Walk Score

Highlights

* Seller Financing at 5% Interest Only, Due in 5 Years, 45% Down Payment
* 6.22% Cap Rate at 85% Occupancy / Value Add Opportunity / 7.58% Proforma Cap Rate
* Consists of 11 Mobile Home Spaces and 5 Apartments / 7.72% Cash on Cash Return
* Huge 1.40 Acre Parcel / Underutilized Land for Future Expansion
* Utility Reimbursements From Residents

Public Transportation

AirportDriveWalkDistance
Palm Springs International 31 min - 25.5 mi