5074 Adobe Rd, Twentynine Palms, CA 92277 - multi-family property

Detailed information about multi-family property which situated in Twentynine Palms (92277) city, California state on 5074 Adobe Rd.

Additional Information: Shady Elms is a 26 space MHP located on 5074 Adobe Road, just 1 mile from the entrance to the US Marine Corps Base. There are currently 8 tenants of which one is a non-paying park manager. There are a total of 20 trailers and 6 vacant spaces. Of the 16 trailers 13 are non-tenant owned and 3 are tenant owned. Rents are $525 per month which includes all utilities. Average utility cost per occuoied space is approx $200 per month. This is a great investment for someone local who can provide hands-on management and do handiman improvements to the park. This property is being sold as is and the price is based on the replacement costs to build a property of this type. Twentynine Palms Marine Corps Base is the Desert Warfare Training Center and has a permanant population of close to 9,000 residents which number is augmented by the number of troops under going desert training. There are currently no Marine related tenants at Shady Elms but its location should provide a good number of transient tenants for the non-tenant owned trailers. Since housing on base is in short supply Marines are paid to live off base and Shady Elms could afford them a low cost housing alternative and they could make money by doing so. This is excellent potential for this MHP. Twentynine Palms is located approx 50 miles from downtown Palm Springs and a 2 1/2 hour drive from Los Angeles.