26611 Nudgent St, Boron, CA 93516

Property Description

Joshua Mobile Home & RV Park is a 32-site, all-age manufactured housing community located in Boron, within the Antelope Valley region of Eastern Kern County. The property is offered with attractive seller financing for qualified buyers at a price of $970,000 (including park-owned homes). The seller will carry $690,000 with a $280,000 down payment, at 2.0% interest-only in year one and 3.0% interest-only for the following two years, over a 3-year term, with a balloon payment due at maturity and no prepayment penalty The community is HCD-approved for 32 mobile home sites and features a diverse site mix, including 5 tenant-owned homes, 11 park-owned homes, and 3 RVs and 13 vacant sites. The vacant sites are available for immediate infill, providing significant upside through lease-up and increased occupancy. Comparable properties in the area operate at 90%+ occupancy, while the subject property's historical occupancy has ranged between 75-80%, primarily due to seasonality and contract labor-driven fluctuations. Joshua Mobile Home & RV Park is served by municipal water and sewer, with submetered gas and electric, and private trash service. The property has been approved for a CPUC utility infrastructure upgrade, expected to begin construction in Q3 or Q4, which will transition