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40265 Galindo Court, Indio, CA 92203

$1.26M30bd · 14ba · 14,600 sqft
Lot 98,881 sqft•RV Park•
Active
•205d on market•MLS# 219146255

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 investment A '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 upon which the mobile homes are situated. However, while the individual records for each lot now list the designation 'LEASE LAND,' the general property records still identify José and his wife as the legal owners. -------------------------------------- Para preguntas y citas llama/texto: Salvador 760.409.3614

Features & Amenities

Not ApplicableFeeBuilt 1986

Property Details

Subdivision
Not Applicable
Land Type
Fee
Year Built
1986
Property Type
Residential Income
Property Subtype
RV Park
Parking Spaces
56
Garage Spaces
14
Heating
Central, Electric, Other
Cooling
Air Conditioning, Ceiling Fan(s), Central Air, Electric, Evaporative Cooling, Gas, Wall/Window Unit(s), Other
View
City Lights, Desert, Hills
Flooring
Carpet, Granite, Hardwood
Roof
Composition Shingle, Metal, Other
City
Indio
Zip Code
92203
County
Riverside
Listed byHomeSmart, Elena Hernandez Velazquez·760-678-8110

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,371.25
Principal & Interest
Loan Amount
$1,008,000
Total Interest
$1,285,648
Total Payment Over 30 Years
$2,293,648
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

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