40265 Galindo CT, Indio, CA 92203
40265 Galindo CT, Indio, CA 92203
40265 Galindo CT, Indio, CA 92203
40265 Galindo CT, Indio, CA 92203
40265 Galindo CT, Indio, CA 92203
40265 Galindo CT, Indio, CA 92203
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$ 1,260,000
Est. payment | /mo

30 Beds

14 Baths

14,600 SqFt


Save
$ 1,260,000
Est. payment | /mo
Save

30 Beds

14 Baths

14,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,600 sqft

Price per Sqft $86

MLS Listing ID 219146255DA

Bedrooms 30

Full Baths 14

Construction Status Repair Cosmetic

Year Built 1986

Annual Tax Amount $11,247

Lot Size 2.270 Acres

Acres 2.27

Property Sub-Type Multi-Family

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

Location

State CA

County Riverside

Area Indio North Of East Valley

Building/Complex Name None

Interior

Interior Features Built-Ins, Other

Heating Central, Electric, Other, Propane Gas

Cooling Air Conditioning, Ceiling Fan, Central, Electric, Evaporative, Gas, Other, Wall/Window

Flooring Carpet, Granite, Hardwood

Inclusions For more info text/ callSalvador 760.409.3614

Equipment Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Microwave, Propane Dryer Hookup, Range/Oven, Refrigerator

Laundry Laundry Area, Room

Exterior

Parking Features Assigned, Direct Entrance, Driveway, On street, Other

Garage Spaces 56.0

Amenities Available Other

View Y/N Yes

View City Lights, Desert, Hills

Roof Type Composition, Metal, Other, Shingle

Handicap Access Handicap Access, No Interior Steps

Building

Lot Description 5 + Lots, Lot Shape-Flag, Lot-Level/Flat, Street Public

Story 1

Foundation Concrete Perimeter, Permanent, Pier Jacks

Water Other, Water District, Well

Structure Type Aluminum Siding, Combination, Other, Plaster

Construction Status Repair Cosmetic

Others

Special Listing Condition Standard

Pets Allowed Call, Weight Limit

TheMLS (CLAW)
Listed by HomeSmart

Schools and Properties Nearby

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40265 Galindo CT