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29206 Via Princesa Murrieta, CA 92563
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Key Details
Sold Price $1,175,000
Property Type Manufactured Home
Sub Type Manufactured On Land
Listing Status Sold
Purchase Type For Sale
Square Footage 12,120 sqft
Price per Sqft $96
MLS Listing ID SW18126514
Sold Date 09/19/18
HOA Fees $600/ann
HOA Y/N Yes
Year Built 1975
Lot Size 3,200 Sqft
Property Sub-Type Manufactured On Land
Property Description
Great cash flow opportunity knocks. 8 INDIVIDUAL MANUFACTURED HOMES OPERATED AS RENTALS
The portfolio consists of 8 individual manufactured home rentals within The Knolls 55+ senior community. The Knolls consists of 1,120 manufactured homes located within three similar individual HOAs. Each home is on its own individual lot and each HOA offers a recreation center and resort style pool. The HOAs limit the percentage of rental homes within each HOA to no more than 25% of the homes (280 homes), and the HOAs strictly enforce this rule. The 8 homes in the Murrieta Seniors Portfolio are part of the allowable 25%, and the limits on further rentals is an insurance policy against added competition. ALL ARE LARGE TWO BEDROOM FLOOR PLANS. The homes within the Murrieta Seniors Portfolio are all large two-bedroom floor plans and average 1,347 square feet. These large homes are ideal for either roommate situations or seniors who are downsizing from a single-family home and require a larger rental in order to accommodate their furnishings. Each of the 8 homes is single level in design and slightly different, with many offering large patios private backyards, covered parking, garages, or spectacular views. There is also considerable upside room on future rents.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Rooms
Other Rooms All Bedrooms Down
Interior
Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet, Laminate, Tile
Laundry In Closet, Individual Room, Inside
Exterior
Parking Features Attached Carport, Covered, Driveway
Pool Association, Community
Community Features Curbs
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Amenities Available Pool, Spa/Hot Tub, Barbecue, Clubhouse, Recreation Room
Private Pool No
Building
Lot Description Back Yard, Close to Clubhouse, Front Yard
Story 1
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
HOA Name The Knolls
Senior Community Yes
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing None
Listing Terms None
Financing None
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Cash,Cash To New Loan
LIST AGRMT Seller Reserved
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME CLA
SHOW CONTACT PH jeff bast
SHOW INSTRUCTIONS Drive by only. Write offers subject to interior inspections. Do not disturb tenants. Upon offer acceptance, we will provide access for interior inspections.
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Bought with Marcus & Millichap