Ridgecrest, CA 93555,535 W Atkins ST
Ridgecrest, CA 93555,535 W Atkins ST
Ridgecrest, CA 93555,535 W Atkins ST
37
$1,215,000
$1,311,200
7.3%
Est.Price: ?

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2.42 Acres Lot

535 W Atkins ST Ridgecrest, CA 93555

Est. payment /mo
SOLD DATE : 10/04/2019

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Key Details

Sold Price $1,215,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP19205131

Year Built 1941

Tax Year 2019

Lot Size 2.420 Acres

Property Description

Sierra Sands Mobile Home Community (SSMHC) is an All Age park consisting of 38 mobile home sites and one 3-bedroom Single Family Residence. Additionally an office, laundry room and storage space all combined in 1 building. This is a value add property with low market rents, no rent controls and the opportunity to fill lots - maximizing cash flow and value. Park produces solid cash flow and is primed to grow with good management, filling lots and lot rent increases. The foremost priority will be purchasing used mobile homes in Ridgecrest and surrounding Bakersfield metro area to relocate to SSMHC. SSMHC residents choose to live at SSMHC to be a part of a safe, clean and affordable all age housing community located in Ridgecrest, California with in Kern County & the Bakersfield MSA. The park has a stable tenant base with good collections and compliance of community standards. Park roads were newly paved as of June 2019, upgraded gas and electric meters recently installed in 2018/2019 and water and sewer lines upgraded giving the park the lowest water billing to record. City Water & Sewer. All utilities are billed back. Rent increase effective 12/1/19.

Location

State CA

County Kern

Area Rcr - Ridgecrest

Interior

Laundry Common Area

Exterior

Fence Block

Utilities Available Electricity Connected, Sewer Available, Sewer Connected, Water Connected

Building

Lot Description 16-20 Units/Acre, Lot Over 40000 Sqft, Level

Water Public

Others

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tiffanie Robertson • Berkshire Hathaway HomeService
Bought with Martha Fernandez • TRG Mortgage

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agent

Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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