MHP
112-Space All-Age Community, City Utilities, Kern County
Bakersfield, CA
- Asking price
- $8,950,000
- Sites
- 112
- Cap rate
- 6.7%
- 1031 Exchange
View Details
For Sale
1 / 355+ Community with Clubhouse and Pool, Hemet
Hemet, California· Riverside County·Country Manor
Call for price
- Total sites
- 148
- Cap rate
- < 6%
- Occupancy
- 90%+
- Age restriction
- 55+
- Off Market
Key Details
- Asking price
- Call for price
- Property type
- Manufactured Housing Community
- Total sites
- 148
- Cap rate
- < 6%
- Occupancy
- 90%+
- NOI
- Available on request
- Age restriction
- 55+
- Utilities
- Mixed
- County
- Riverside County
- State
- CA
Overview
Turnkey 55+ community with 148 spaces, clubhouse, pool, and long-tenured residents.
Investment highlights
- 99% occupied with an active waiting list
- 4,000 sf clubhouse, heated pool, spa, and shuffleboard
- Annual CPI-based rent increases already in place
- Quiet sale: details shared with qualified buyers only
Features
- Stabilized
The full property description, rent detail, and operating history are shared with buyers after a request.
Financial summary
- Asking price
- Call for price
- Cap rate
- < 6%Range
- NOI
- On request
- Occupancy
- 90%+Range
- Price per site
- On request
- Park-owned homes
- < 10%
The seller shares exact NOI, cap rate, occupancy, and lot rents with qualified buyers after a request. Ranges shown are computed from the seller's figures.
Financing options
Seller financing is not advertised for this property. Conventional, agency, and bridge financing are common for this asset class.
Explore financing optionsLocation
Approximate area in Hemet, Riverside County, California. The exact address is shared after a request.
Country ManorView the community profile in the ParkMarket directoryDocuments & due diligence
- Offering memorandumFull property package
- Rent rollLot-by-lot rents and occupancy
- Operating statementsT-12 income and expenses
- Exact address & site planShared with qualified buyers
Documents are released after a short request. The seller may ask buyers to sign an NDA before sharing the offering memorandum and rent roll.
Request documentsSimilar opportunities
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MHP
Value-Add 64-Lot Park, Fresno, 71% Occupied
Fresno, CA
- Asking price
- $2,400,000
- $2,650,000
- Sites
- 64
- Cap rate
- 6.6%
- Seller Financing Available
- Price Reduced
View Details
MHP
88-Space Park with Park-Owned Homes, Lakeland
Lakeland, FL
- Asking price
- $6,200,000
- Sites
- 88
- Cap rate
- 8.0%
- Assumable Debt
View Details
Call for price
148 sites · Hemet, CA