Views - Seller Financing
Address
33249 Road 224 North Fork, CA
Price
$ 925,000
Property Attributes
  • MLS#FR21150846
  • TypeContingent
  • CountyMADERA
  • CityNorth Fork
  • AreaNorth Fork
  • Zip93643
  • StyleMobile Home
  • Price$ 925,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage87120
  • Lot Size6.69 Acres
Listing Provided Courtesy Of:
Kirsten Englund with Bass Lake Realty - 559-676-1901
Data Source:
California Regional MLS (CRMLS)
Property Description

Great Investment Property! This unassuming, pleasant country mobile home park close to Bass Lake & Yosemite has 15 double wide lots with trees that make this park somewhat shaded, and very nice to live in, that give 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, with estimated pro forma fees (current sellers save a lot of money by doing much of the work themselves), it is estimated that a new owner would realize 7.8% 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.

Price History
7/12/2021 Listed $925,000

General Features

Additional Parcels Description 060-040-014, 060-040-015
Additional Parcels Y/N Yes
Architectural Style Mobile Home
Business Type Mobile/Trailer Park
Listing Agent Kirsten Englund - BRE#01307417
Listing Agent State License 01307417
Lot Size Square Feet 291416
MLS Area YG50 - North Fork
Property Sub Type Additional Mobile Home
Property SubType Mobile Home
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active Under Contract
Terms Cash, Conventional, Owner May Carry, Submit
Utilities Electricity Connected, Phone Available, Sewer Connected, Water Connected, Overhead Utilities
Virtual Tour https://www.tourfactory.com/idxr2887623
Virtual Tour https://www.tourfactory.com/2887623
Zoning RMS

Interior Features

Laundry Features None

Exterior Features

Lot Features Rolling Slope, Sloped Up, Trees
Lot Size Acres 6.69
Lot Size Area 291416
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 15
Park Name Road 224 Mobile Home Park
Water Source Private, Well

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 93643

Price
AVG $990K
$930K

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