3147 W Olive Ave, Fresno, CA 93722

Marcus & Millichap and The Bench Group are pleased to exclusively present New Horizons Mobile & RV Park, an all-age gated manufactured housing community located at 3147 W. Olive Avenue in Fresno County. Built in 1958 the property consists of 65 Mobile Home and RV sites and one Single Family Residence. The Property spans close to 10 Acres and is serviced by a private well and septic system. All spaces have their own electric meter and most have the infrastructure for a gas meter to be installed as well. Over the last several years the owners have put a lot of work into the park adding a security gate to enclose the park, new solar panels, new trash compactor as well as having new electrical and gas service lines installed by PG&E. New Horizons is well located in the County of Fresno and is currently operating at close to a 95% occupancy rate. Residents enjoy a peaceful atmosphere while being close to all major shopping, dining and other amenities. Residents of New Horizons also enjoy amenities such as a pool, onsite laundry, off street parking, and recreation room making it a desirable community throughout the area

Fresno California is a city within the San Joaquin Valley and is the county seat of Fresno County. It is also the largest and most populated city in the greater Central
Valley Region and is the fifth most populous city in the state. Fresno's highlights include unique cultural sites, museums, zoo, entertainment district, and nearby National Parks making it one of the more desirable areas for people moving tom the State.

New Horizons offers either a seasoned investor, or a first-time investor a great cash flowing opportunity with some value add upside. The park is outside the city limits so it does not have to abide by the city rent control restrictions. A new investor would be able to increase space rent, fill up vacancies, increase ancillary charges, install gas meters and use the RV Storage space as well as add additional amenities to the park for the resident’s enjoyment, and continue to build off the work the current owner has put into the park.