This is a basic mobile home/trailer park located on West Main Street, one of the City of Barstow’s primary artery streets running parallel to the I-15. The park consists of 58 mobile home spaces and is served by city water and sewer services. Amenities include a laundry and a pool. Utilities are submetered and billed to tenants include electric, water, sewer and trash. Propane is provided by Ferrell Propane and directly paid by tenants.
The park is currently in a re-tenanting phase as coaches are bring brought in for new occupancy. The current owners have spent the past 4 years restoring the park to remedy the previous owners differed maintenance that prevented occupancy. In September 2009 approximately 40% of the park was repaved (front portion). Other renovations include the pool, sections of the utilities and the installation of new secure mail boxes.
There are three pre-existing private loans on the park at an average interest rate of approximately 7%. All financing options will require a equity down payment for security. Please contact brokers to discuss the financing options.
The 7 park owned homes (2 rented, 1 managers & 3 vacant) and mobile home notes are included in the sale.
For other park investments: