40265 Galindo Court, Indio, CA 92203
- $1,290,000
- List Price
- $1,290,000
- Price Change
- ▼ $35,000 1784618723
- Status
- ACTIVE
- MLS#
- 219146255DA
- Year Built
- 1986
- Lot Size
- 98,881
- Acres
- 2.27
- Lot Location
- Corner Lot, Flag Lot, Level, Mineral Rights
- Days on Market
- 107
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- Not Applicable-1
Property Description
What's Being Offered 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 investmentA '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 Jose and his wife as the legal owners.--------------------------------------Para preguntas y citas llama/texto:Salvador 760.409.3614
Additional Information
- Association Amenities
- Other
- Appliances
- Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Propane Cooking, Propane Water Heater, Refrigerator, Water Heater
- Heat
- Central, Electric, Propane
- Cooling
- Yes
- Cooling Description
- Central Air, Evaporative Cooling, Electric, Gas, Wall/Window Unit(s)
- View
- City Lights, Desert, Hills
- Roof
- Composition, Metal, Other
- Garage Spaces Total
- 14
- Sewer
- Other, Septic Tank
- Water
- Other, Well
- Interior Features
- Built-in Features
- Attached Structure
- Attached
- Number Of Units Total
- 14
Listing courtesy of Listing Agent: Elena Hernandez Velazquez (elenav.realtor@gmail.com) from Listing Office: HomeSmart.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.