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Nicole Darwin

nicole.darwin@engelvoelkers.com +1(707) 330-4357

$ 1,325,000

Est. payment -/mo

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Active

40265 Galindo CT Indio, CA 92203

2.27 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219146255DA

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1986

Lot Size 2.270 Acres

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

Location

State CA

County Riverside

Interior

Interior Features Built-in Features

Heating Central, Electric, Propane

Cooling Central Air, Evaporative Cooling, Electric, Gas, Wall/Window Unit(s)

Flooring Carpet, Stone, Wood

Inclusions For more info text/ callSalvador 760.409.3614

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Propane Cooking, Propane Water Heater, Refrigerator, Water Heater

Exterior

Parking Features Assigned, Direct Access, Driveway, Garage, Other, On Street

Garage Spaces 14.0

Carport Spaces 14

Garage Description 14.0

Amenities Available Other

View Y/N Yes

View City Lights, Desert, Hills

Roof Type Composition,Metal,Other

Total Parking Spaces 56

Private Pool No

Building

Lot Description Corner Lot, Flag Lot, Level, Mineral Rights

Story 1

Entry Level One

Foundation Concrete Perimeter, Pier Jacks, Permanent

Sewer Other, Septic Tank

Water Other, Well

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

HOA Name None, Owner there is not Mangment Comp

Senior Community No

Tax ID 607240025

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Elena Hernandez Velazquez HomeSmart #01950347

NEARBY SCHOOLS & PROPERTIES

Nicole Darwin

Advisor

+1(707) 330-4357

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