Ocotillo Wells MH & RV Park
Seller-Financed MH & RV Park w/Convenience Store in Borrego Springs, CA
Marketing description
Ocotillo Wells MH/RV Park & Store is an all-age, 75 site Mobile Home Park with a single-family residence and convenience store located in Ocotillo Wells (near Borrego Springs), California. Built-in 1949 & renovated in 1966, the property sits on 9.98 acres with a site density of 8.36 site per acre on the fully developed acreage (6 acres of the 9.98 acres). The park has .6056 acres of access road included in the price and the remaining four (4) vacant acres. The Park has RV’s travel trailers and park model homes on the 50 Mobile Home sites. The Park is permitted for 75 MH sites with drains. The Seller has doubled up 25 of the sites to create 50 sites that measure from 40X40 to 60X60 with the majority at 40X40.. Some of the homes occupy three (3) sites (additional rent is collected for triple occupancy). There are only three (3) permanent residents who live at the park year-round. Most of the residents stay at the park during the winter or weekend for off-road and ATV activities. The community has 35 weekenders who pay a discounted (average $215) monthly rent. There is one park-owned home (POH) that is not (#64/65) included in the price and the Seller will need six (6) months of free rent and utilities to relocate the home after C.O.E.
The amenities at the community include a swimming pool, barbecue area, 1,600 SQ’ recreation/utility room, showers, and laundry facilities. The recreation/utility room has a new roof installed in 2012. There is a 1200 sq ft, 1 bedroom/1 & ¾ bath single-family residence attached to the 1,200 SQ’ store. A new roof on the house & store was installed in 2012. In 2018, the laundry/restroom building roof was reconstructed with new 2X6 rafters, insulation, drywall, plywood sheeting, and rolled roofing, The are three (3) non-permitted pool sites that are underwritten into the revenue stream.
The Mobile Home site measurements range from 20’ to 30’ wide and 35’ to 60’ deep. There are four (4) storage spaces that can be rented for additional income. The park has 30 amp electrical service to most of the sites. One site has a 50 amp electrical service. The electricity is master metered and the cost is included in the rent. Septic service, water and trash are included in the monthly rent. There is no natural gas service at the community. The Residents supply their own propane.
Ocotillo RV/MH & Store is best suited for a Live on Site Operator that can manage the park and the store. The onsite living accommodations are inviting and the seasonal months are active. Many (if not all) of the previous owners have lived onsite until they could create an experienced and dependable on site team to assist them in the year round operation of the property. The Seller is available to assist the Buyer in the transition of the management of the MH/RV Park and the operation of the store. The Seller and Buyer will work together on the bulk sale transfer of the store inventory and the ABC Beer & Liquor License.
Investment highlights
9.98 Acres Plus .6 Acres Used for Deeded Access to Off-Road Recreations Area
50 Sites are Built on 5.98 Acres with Site Density of 8.36 Sites/Acre. There are four (4) vacant acres.
Full Amenity Package: Recreation/Utility Building, Pool, Restrooms, and Laundry Facility
On-Site Well with One Storage Tank. Newer Septic System with Leach Field.
There are no electrical submeters at any of the MH/RV Sites.
1200 SQ’ Convenience Store with Modern Displays, Grocery and Sundry Sales
Ideal Situation for Owner/Operator
Seller will Finance $700,000 @ 5% Years 1-5 and 6% years 6-10. All Payments will be interest only or more.
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