40265 Galindo CT Indio, CA 92203
30 Beds
14 Baths
14,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RV Park
Listing Status Active
Purchase Type For Sale
Square Footage 14,600 sqft
Price per Sqft $90
MLS Listing ID 219146255
Bedrooms 30
Full Baths 14
HOA Y/N No
Year Built 1986
Lot Size 2.270 Acres
Acres 2.27
Property Sub-Type RV Park
Property Description
• A mobile home park with 12 tenant-occupied units Pluss 2 more.
• Rent guaranteed by the county through 2041 year.
• A government-backed housing program (likely subsidized housing lease)
• Owner responsibilities are minimal:
o Provide Free water service.
o Maintain general cleanliness of the park .
o Tenants pay: (Electricity. Gas. Internet )
o Repairs (for pay from tenants' units)
🏠 The 2 Owner-Owned Units.
These are different Mobiles Homes:
Owner must handle repairs on the water well.
Still not responsible for electricity or gas for the other 12 Mobiles Homes.
• These generate separate rental income (not part of the county master lease)
💰 The Big Selling Point
• 'Guaranteed income through 2041'
This is the headline feature.
o 🚩 No Units are vacant?
2. Owner offers financials details.
o Actual monthly income
o Expenses (water, maintenance, insurance, taxes)
o Net operating income (NOI)
3. Utility responsibility.
It says owner provides water service, And Maitane's service to the Well.
4. Repairs 'not your responsibility on the 12 Mobiles Homes.
Who owns each mobile home. Different tenants.
Tenants own their homes (common in mobile home parks)
That's a big advantage,
5. The others 2 units or Mobiles Homes are owned by the sellers.
These could: Add income two more Income, per month.
🧠 Bottom Line.
This could be: A low-maintenance, stable cash-flow investment
A 'guaranteed' income. A summary of rent roll.
As of today, I can tell you about the outcome regarding the parking situation:
An APN (Assessor's Parcel Number) has been assigned to each individual parking space.
This was done to ensure that every property could be uniquely identified; as humans, we tend to repeat numbers and street names, which creates issues for utility providers such as water and electricity companies.
That is precisely what the County did: it subdivided the parcels of land upon which the mobile homes are situated. However, while the individual records for each lot now list the designation 'LEASE LAND,' the general property records still identify José and his wife as the legal owners.
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Para preguntas y citas llama/texto:
Salvador 760.409.3614
Location
State CA
County Riverside
Area 309 - Indio North Of I-10
Interior
Heating Central, Electric, Other
Cooling Air Conditioning, Ceiling Fan(s), Central Air, Electric, Evaporative Cooling, Gas, Wall/Window Unit(s), Other
Inclusions For more info text/ call Salvador 760.409.3614
Fireplace false
Exterior
Garage Spaces 14.0
Fence Other, Wood, Fenced, Chain Link
Utilities Available Cable TV, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected, Electricity Connected
View Y/N true
View City Lights, Desert, Hills
Private Pool No
Building
Lot Description Level, Flag Lot, Corner Lot
Story 1
Entry Level Ground,Ground Level, No Unit Above
Sewer Assessments, In, Connected and Paid, Septic Tank, Other
Level or Stories Ground, Ground Level, No Unit Above
Others
HOA Fee Include Sewer,Trash,Water
Senior Community No
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Listing Condition Standard
Nearby Locations
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