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    33249 Road 224

    North Fork, CA 93643
    • $925,000
    • STATUS: Active
    • ON SITE: 21 days
    • MLS #: FR21150846
    $925,000
    • 0
      BEDS
    • 6.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Great Investment Property! This unassuming, pleasant country mobile home park close to Bass Lake & Yosemite has double wide lots with trees that make this park somewhat shaded, and very nice to live in, and giving tenants more room for parking, storage, outdoor furniture, gardening, etc. Two of the units are more recent models, and most are older double wides. Sellers pay for water, trash, and septic servicing; Tenants pay for all other utilities. Metered propane is available onsite. Tenancy tends to be very stable and vacancy rate almost non-existent. Two of the mobile homes are owned by the sellers and are included in the sale, for additional rental income. At this price and at current rental rates, it is estimated that a new owner would realize 8-9% cap rate. The property consists of 3 parcels, for a total of 8.57 ac. The two front parcels are .94 ac each, and this area is where the septic area is and the propane tanks are located. It also provides a nice setback from Road 224 and occasional road noise. The third parcel, where the park is located is 6.69 ac that slopes up to a ridge and then down to an undeveloped back area, estimated at approx. 3 acres. This area has lovely distant views of mountains that are snowcapped in winter from the top, and a rolling, treed, very pretty feel to it. This is where the well is located. A Conditional Use Permit would be required to expand the mobile home park or to do some other related business such as putting in an RV Park. Due to the RMS zoning it may be possible to build a single family home back in this area; Buyer to confirm with the County. A sizeable grant to add a solar water filtration system to the property is several years into the process and can be transferred to a new buyer. Relatively recent upgrades have been made to the park, including road patching & repair, water system upgrades and electrical system upgrades. Are you looking for a good income-producing property? Call the listing agent or your own agent to see this soon! Shown by appointment only.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-02T00:27:09.987. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
    www.desertareahomesforsale.com/homes/119204505
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    33249 Road 224 North Fork, CA 93643

    • Price: $925,000
    • Status: Active
    • MLS #: FR21150846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.69
    Acres
    Neighborhood:
    YG50 - North Fork
    County:
    Madera
    Area:
    YG50 - North Fork
    Property Description
    Great Investment Property! This unassuming, pleasant country mobile home park close to Bass Lake & Yosemite has double wide lots with trees that make this park somewhat shaded, and very nice to live in, and giving tenants more room for parking, storage, outdoor furniture, gardening, etc. Two of the units are more recent models, and most are older double wides. Sellers pay for water, trash, and septic servicing; Tenants pay for all other utilities. Metered propane is available onsite. Tenancy tends to be very stable and vacancy rate almost non-existent. Two of the mobile homes are owned by the sellers and are included in the sale, for additional rental income. At this price and at current rental rates, it is estimated that a new owner would realize 8-9% cap rate. The property consists of 3 parcels, for a total of 8.57 ac. The two front parcels are .94 ac each, and this area is where the septic area is and the propane tanks are located. It also provides a nice setback from Road 224 and occasional road noise. The third parcel, where the park is located is 6.69 ac that slopes up to a ridge and then down to an undeveloped back area, estimated at approx. 3 acres. This area has lovely distant views of mountains that are snowcapped in winter from the top, and a rolling, treed, very pretty feel to it. This is where the well is located. A Conditional Use Permit would be required to expand the mobile home park or to do some other related business such as putting in an RV Park. Due to the RMS zoning it may be possible to build a single family home back in this area; Buyer to confirm with the County. A sizeable grant to add a solar water filtration system to the property is several years into the process and can be transferred to a new buyer. Relatively recent upgrades have been made to the park, including road patching & repair, water system upgrades and electrical system upgrades. Are you looking for a good income-producing property? Call the listing agent or your own agent to see this soon! Shown by appointment only.
    Exterior Features

    Architectural Style Mobile Home Lot Features Rolling SlopeSloped UpTrees Sign On Property YN Yes

    Property Features

    Additional Parcels YN Yes Business Type Mobile/Trailer Park Common Interest None Inclusions 2 Mobile Homes Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalOwner May CarrySubmit Number Of Units Leased 15 Property Sub Type Mobile Home Special Listing Conditions Standard Utilities Electricity ConnectedPhone AvailableSewer ConnectedWater ConnectedOverhead Utilities Water Source PrivateWell Zoning Rms

    Listing provided courtesy of Kirsten Englund of Bass Lake Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-02T00:27:09.987. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
     
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