All-ages clean 3-star coupon clipper mobile home park located in Bakersfield directly within stone’s throw of countless commercial developments ripe with jobs and growth. De Rancho has several amenities and a clean layout – amenity package includes a newly renovated laundry room, clubhouse (used often by tenants for social gatherings), playground, pool, and sport court. New sign was also recently installed and there is a small storage lot available to tenants. The property has management in place, both on-site and with a local third-party management firm. Based on market comps there is upside in rent, operational upside in installing solar, and equity upside in connecting to city water. The tenancy is very stable with more than half of the tenants being in place for 10+ years. The seller maintains the property superbly and repairs all items as needed. Most rents in the area are above $550 per month plus utilities so there is upside plus rents continue to grow in Bakersfield due to city having the second largest growth of any California city. Last rent increase was March of 2019. All lots have dedicated parking, can house doublewide units, and have small yards which tenants are responsible for. Interest-only financing available via Fannie Mae assumption of which buyer is to be responsible for assumption costs. Loan has interest only payments at 4.46% through 2022 and matures in 2027. Current Lot Rents: $530 plus sewer/trash. Electric/gas direct-billed by local providers