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:
High Occupancy Rate: The park boasts 100% occupancy, ensuring immediate and maximized rental income from the outset for a new owner.
Top Cons:
Age of Infrastructure: Built in 1923, the park's age suggests potential for outdated infrastructure (e.g., utilities, roads) that may require significant capital expenditures for maintenance, repairs, or upgrades.
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: The property, built in 1923, is a mobile home park with a main house. The aerial images show numerous mobile homes, many appearing quite old and in varying states of external repair, some covered with tarps. There are no interior images provided for any of the structures, making it impossible to assess kitchen, bathroom, appliances, or other interior features. Given the age of the main house (over 100 years old) and the visible condition of the mobile homes, it is highly probable that substantial repairs and rehabilitation would be required for the living units to meet modern standards of comfort and safety. The listing description focuses on the business opportunity and occupancy rather than the condition of the structures, which often indicates that the physical condition is not a primary selling point.
Year Built
1923
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
TR25230216
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
The property, built in 1923, is a mobile home park with a main house. The aerial images show numerous mobile homes, many appearing quite old and in varying states of external repair, some covered with tarps. There are no interior images provided for any of the structures, making it impossible to assess kitchen, bathroom, appliances, or other interior features. Given the age of the main house (over 100 years old) and the visible condition of the mobile homes, it is highly probable that substantial repairs and rehabilitation would be required for the living units to meet modern standards of comfort and safety. The listing description focuses on the business opportunity and occupancy rather than the condition of the structures, which often indicates that the physical condition is not a primary selling point.
Pros & Cons
Pros
High Occupancy Rate: The park boasts 100% occupancy, ensuring immediate and maximized rental income from the outset for a new owner.
Stable Cash Flow: With a proven track record of full occupancy, the property offers a reliable and consistent source of revenue.
Low Management Requirements: Tenants are responsible for their own utilities, significantly simplifying management tasks and reducing operational overhead for the owner.
Established Business: Described as a 'well-established park,' it likely has existing infrastructure, tenant relationships, and operational procedures in place, reducing initial setup efforts.
Lucrative Investment Opportunity: The property is explicitly marketed as an 'excellent business opportunity' and a 'lucrative business venture,' appealing to investors seeking income-generating assets.
Cons
Age of Infrastructure: Built in 1923, the park's age suggests potential for outdated infrastructure (e.g., utilities, roads) that may require significant capital expenditures for maintenance, repairs, or upgrades.
Limited Operational Details: The listing provides high-level information but lacks crucial specifics such as current rental rates per space, the exact number of spaces, and detailed financial statements, which are essential for thorough investor due diligence.
Property Type Discrepancy: The structured data lists the property as a 'Single Family Residence' while the description clearly identifies it as a 'Mobile Home Park,' a significant misclassification that could lead to complications with financing, appraisal, and legal definitions.