40265 Galindo Ct, Indio, CA 92203

$1,260,000
30
BD
14
BA
14,600
SqFt
No photos available for this property
List Price
$1,260,000
Price Change
▼ $30,000 1788481292
MLS#
219146255DA
Year Built
1986
Bedrooms
30
Bathrooms
14
Living Sq. Ft
14,600
Lot Size
98,881
Lot Location
Corner Lot
Days on Market
217
Property Type
Multifamily
Stories
1

Property Description

What's Being Offered A mobile home park with 12 tenant-occupied units Pluss 2 more. Rent guaranteed by the county through 2041 year. A government-backed housing program (likely subsidized housing lease) Owner responsibilities are minimal: o Provide Free water service.o Maintain general cleanliness of the park .o Tenants pay: (Electricity. Gas. Internet ) o Repairs (for pay from tenants' units) 🏠 The 2 Owner-Owned Units. These are different Mobiles Homes: Owner must handle repairs on the water well. Still not responsible for electricity or gas for the other 12 Mobiles Homes. These generate separate rental income (not part of the county master lease) 💰 The Big Selling Point 'Guaranteed income through 2041'This is the headline feature. o 🚩 No Units are vacant? 2. Owner offers financials details. o Actual monthly income o Expenses (water, maintenance, insurance, taxes) o Net operating income (NOI) 3. Utility responsibility.It says owner provides water service, And Maitane's service to the Well.4. Repairs 'not your responsibility on the 12 Mobiles Homes. Who owns each mobile home. Different tenants.Tenants own their homes (common in mobile home parks) That's a big advantage,5. The others 2 units or Mobiles Homes are owned by the sellers. These could: Add income two more Income, per month. 🧠 Bottom Line. This could be: A low-maintenance, stable cash-flow investmentA 'guaranteed' income. A summary of rent roll.As of today, I can tell you about the outcome regarding the parking situation: An APN (Assessor's Parcel Number) has been assigned to each individual parking space.This was done to ensure that every property could be uniquely identified; as humans, we tend to repeat numbers and street names, which creates issues for utility providers such as water and electricity companies. That is precisely what the County did: it subdivided the parcels of land u

Additional Information

Association Amenities
Other
Lot Description
5 + Lots, Lot Shape-Flag, Lot-Level/Flat, Street Public
Bedroom Features
All Bedrooms Down, WalkInCloset
Heat
Central, Electric, Other, Propane Gas
Cooling
Air Conditioning, Ceiling Fan, Central, Electric, Evaporative, Gas, Other, Wall/Window
View
City Lights, Desert, Hills
Exterior Construction
Aluminum Siding, Combination, Other, Plaster
Number of Cars in Garage
Assigned, Direct Entrance, Driveway, On street, Other
Garage Spaces Total
14
Water
Other, Water District, Well

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Courtesy of HomeSmart, Elena Hernandez Velazquez - CA DRE#01950347

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