33249 Road 224
North Fork, CA 93643

Great Investment Property! This unassuming, pleasant country mobile home park close to Bass Lake & Yosemite has double wide lots with trees that make this park somewhat shaded, and very nice to live in & give tenants room for parking, storage, outdoor furniture, gardening, etc. Two units are more recent models, and most are older doublewides. Sellers pay for water, trash, & septic servicing; Tenants pay for all other utilities. Metered propane is available onsite. Tenancy tends to be stable & vacancy rate almost non-existent. Two mobile homes are owned by the sellers and are included in the sale. At this price, at current rental rates, it is estimated that a new owner would realize an 8-9% cap rate. The property consists of 3 parcels, for a total of 8.57 ac. The two front parcels, where the septic area & the propane tanks are located, are .94 ac each. The third parcel is 6.69 ac that slopes up to a ridge, then down to an undeveloped back area, estimated to be ~3 acres. This potentially developable area has lovely distant views of mountains from the top, and a rolling, treed, very pretty feel to it. County approval would be required to expand the mobile home park, put in an RV Park, or build a house in this area - Buyer to investigate if interested. A sizeable grant application to add a solar water filtration system is several years in process & can be transferred to a new buyer. Recent upgrades include water system & electrical upgrades, road patching and repair.