584 E H Street 1-11, Colton, California 92324, Colton, 92324 - bed, bath
ACTIVE$850,000
584 E H Street 1-11, Colton, California 92324
0Bed
0Bath
1,360Sqft
15,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
100% Occupancy Rate: The park boasts full occupancy, ensuring immediate and consistent rental income from all available spaces, which is highly attractive for investors seeking stable returns.
Top Cons:
Age of Infrastructure: Built in 1923, the underlying park infrastructure (e.g., utilities, roads, common areas) is nearly a century old, likely requiring significant capital expenditures for maintenance, repairs, or upgrades in the near future.
Compared to the nearby listings
Price:$850.0K vs avg $514.0K (+$336,000)95%
Size:1,360 sqft vs avg 1,345 sqft51%
Price/sqft:$625 vs avg $36398%
More Insights
Built in 1923 (102 years old).
Condition: This listing describes a mobile home park, not a single-family residence, despite the 'Single Family Residence' sub-type. The property was built in 1923, making it over 100 years old. The provided images are all aerial views, showing a mobile home park with multiple units, some appearing quite old or covered. There are no interior photos to assess the condition of kitchens, bathrooms, appliances, or other internal features of any residential unit. Given the age of the main property and the general appearance of the mobile home park from the aerial views, it's highly probable that the residential units within the park, and potentially the park's infrastructure, would require substantial repairs and rehabilitation to meet modern living standards or improve overall quality.
Year Built
1923
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
TR25190758
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!
Condition Rating
Poor
This listing describes a mobile home park, not a single-family residence, despite the 'Single Family Residence' sub-type. The property was built in 1923, making it over 100 years old. The provided images are all aerial views, showing a mobile home park with multiple units, some appearing quite old or covered. There are no interior photos to assess the condition of kitchens, bathrooms, appliances, or other internal features of any residential unit. Given the age of the main property and the general appearance of the mobile home park from the aerial views, it's highly probable that the residential units within the park, and potentially the park's infrastructure, would require substantial repairs and rehabilitation to meet modern living standards or improve overall quality.
Pros & Cons
Pros
100% Occupancy Rate: The park boasts full occupancy, ensuring immediate and consistent rental income from all available spaces, which is highly attractive for investors seeking stable returns.
Stable Cash Flow: With a proven track record of occupancy, this mobile home park offers a reliable and predictable source of revenue, minimizing financial uncertainty for the buyer.
Low Management Requirements: Tenants are responsible for their own utilities, significantly simplifying management tasks and reducing operational overhead for the park owner.
Excellent Business Opportunity: The property is explicitly marketed as a lucrative business venture, appealing to investors looking for an income-generating asset with established operations.
Niche Market Investment: Mobile home parks represent a specific and often resilient investment class, providing affordable housing and potentially strong returns in the right market conditions.
Cons
Age of Infrastructure: Built in 1923, the underlying park infrastructure (e.g., utilities, roads, common areas) is nearly a century old, likely requiring significant capital expenditures for maintenance, repairs, or upgrades in the near future.
MLS Data Inconsistency: The property is listed as 'Residential' and 'Single Family Residence' in the MLS data, which directly contradicts its description as a 'Mobile Home Park.' This discrepancy could lead to issues with zoning, financing, and legal classification, requiring thorough due diligence.
Lack of Detailed Park Information: The listing lacks crucial specifics such as the exact number of mobile home spaces, current rent rolls per space, the condition of individual mobile homes (if park-owned), or detailed park amenities, making a comprehensive financial and physical assessment challenging without further investigation.