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33249 Road 224

North Fork, CA 93643
  • $925,000
  • STATUS: Active
  • ON SITE: 9 days
  • ID#: 562758
UPDATED: 80 min ago
$925,000
  • 0
    BEDS
  • 6.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 87,120
    SQFT
  • $11
    $/SQFT
Neighborhood:
643
Type:
Commercial
County:
Area:
643

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 & give tenants room for parking, storage, outdoor furniture, gardening, etc. Two units are more recent models, and most are older doublewides. Sellers pay for water, trash, & septic servicing; Tenants pay for all other utilities. Metered propane is available onsite. Tenancy tends to be stable & vacancy rate almost non-existent. Two mobile homes are owned by the sellers and are included in the sale. At this price, at current rental rates, it is estimated that a new owner would realize an 8-9% cap rate. The property consists of 3 parcels, for a total of 8.57 ac. The two front parcels, where the septic area & the propane tanks are located, are .94 ac each. The third parcel is 6.69 ac that slopes up to a ridge, then down to an undeveloped back area, estimated to be ~3 acres. This potentially developable area has lovely distant views of mountains from the top, and a rolling, treed, very pretty feel to it. County approval would be required to expand the mobile home park, put in an RV Park, or build a house in this area - Buyer to investigate if interested. A sizeable grant application to add a solar water filtration system is several years in process & can be transferred to a new buyer. Recent upgrades include water system & electrical upgrades, road patching and repair.

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© 2021 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-07-25T22:46:29.873.
www.yourfresnorealty.com/homes/119377579
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33249 Road 224 North Fork, CA 93643

  • Price: $925,000
  • Status: Active
  • Updated: 80 min ago
  • ID#: 562758
0
Beds
0
Baths
0
½ Baths
6.69
Acres
87,120
SQFT
$11
$/SQFT
Neighborhood:
643
County:
Madera
Area:
643
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 & give tenants room for parking, storage, outdoor furniture, gardening, etc. Two units are more recent models, and most are older doublewides. Sellers pay for water, trash, & septic servicing; Tenants pay for all other utilities. Metered propane is available onsite. Tenancy tends to be stable & vacancy rate almost non-existent. Two mobile homes are owned by the sellers and are included in the sale. At this price, at current rental rates, it is estimated that a new owner would realize an 8-9% cap rate. The property consists of 3 parcels, for a total of 8.57 ac. The two front parcels, where the septic area & the propane tanks are located, are .94 ac each. The third parcel is 6.69 ac that slopes up to a ridge, then down to an undeveloped back area, estimated to be ~3 acres. This potentially developable area has lovely distant views of mountains from the top, and a rolling, treed, very pretty feel to it. County approval would be required to expand the mobile home park, put in an RV Park, or build a house in this area - Buyer to investigate if interested. A sizeable grant application to add a solar water filtration system is several years in process & can be transferred to a new buyer. Recent upgrades include water system & electrical upgrades, road patching and repair.
Exterior Features

Access Paved RoadCountry Road Exterior Metal Fence Partial Parking 10 - 20 Spaces Roof CompositionMetalFlatAluminumCorrugated Steel

Interior Features

Heating And Cooling No Heating Office Sq Ft 0

Property Features

Available Date 1800-01-01 Cross Street Address Priest Road Electric Individual Meter Existing Loan Private Lease Type Net Lot Measurement Sqft Operating Expense 0.00 Operating Income 0.00 Owner Pays UtilitiesTaxesInsuranceMaintenance Fees Potential Use See Remarks Property Subtype1 Other Reo Or Bank Owned No Restrooms 0 Sale Options Total Parcel Only Sales Includes Land & ImprovementsBuilding (S)Other Square Footage Source Other Tenant Pays UtilitiesTaxesInsurance Terms CashSubmitOwner CarryLimited Financing Transaction Type Sale Water Sewer Gas WellSepticPropane Gas Year Built Exception Unknown Zoning Rms

Listing provided courtesy of Kirsten Englund of Bass Lake Realty Inc..


© 2021 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-07-25T22:46:29.873.
 
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