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11398 Bartlett Ave 2 Properties Offered at $1,904,448 CAD in Adelanto, CA
Investment Highlights
- Easy Access to main Hwy 395
- Leases are all month to month
- Over 6% Cap Rate, ProForma over 8%
- Some Renovated Units
- Below Market rent with room to Increase
- Septic system upgraded in 2024
Executive Summary
Mobile Home Park Investment Opportunity – 11398 Bartlett Ave, Adelanto, CA
Don’t miss this incredible investment opportunity! This 16-space mobile home park in Adelanto, CA, offers strong income potential with the capacity to add 3 to 4 more units for additional revenue. All mobile home trailers are included in the sale, with 3 units already remodeled and move-in ready for new tenants.
Key property highlights:
Turnkey Investment – 15 existing spaces with room for expansion
Upgraded Septic System – Recently improved within the last year
Retail Income Bonus – Includes a profitable bakery tenant in the on-site commercial space
Strong Cash Flow – Current 6.19% cap rate with vacancies, projected 8%+ pro forma cap rate once fully occupied
Flexible Leasing – All leases are month-to-month, allowing for rent increases and maximized profitability
With value-add potential and an attractive cap rate, this mobile home park is ideal for investors looking to enhance cash flow and long-term appreciation. Seize this rare opportunity today!
Don’t miss this incredible investment opportunity! This 16-space mobile home park in Adelanto, CA, offers strong income potential with the capacity to add 3 to 4 more units for additional revenue. All mobile home trailers are included in the sale, with 3 units already remodeled and move-in ready for new tenants.
Key property highlights:
Turnkey Investment – 15 existing spaces with room for expansion
Upgraded Septic System – Recently improved within the last year
Retail Income Bonus – Includes a profitable bakery tenant in the on-site commercial space
Strong Cash Flow – Current 6.19% cap rate with vacancies, projected 8%+ pro forma cap rate once fully occupied
Flexible Leasing – All leases are month-to-month, allowing for rent increases and maximized profitability
With value-add potential and an attractive cap rate, this mobile home park is ideal for investors looking to enhance cash flow and long-term appreciation. Seize this rare opportunity today!
Taxes & Operating Expenses (Actual - 2024) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$149,756
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$149,756
|
| Taxes |
$3,918
|
| Operating Expenses |
$16,226
|
| Total Expenses |
$20,144
|
| Net Operating Income |
$129,613
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $149,756 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $149,756 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,918 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,226 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,144 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $129,613 |
Property Facts
| Price | $1,904,448 CAD | Number of Properties | 2 |
| Price / SF | $126.04 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.63% | Total Building Size | 15,110 SF |
| Sale Type | Investment | Total Land Area | 5.02 AC |
| Status | Active |
| Price | $1,904,448 CAD |
| Price / SF | $126.04 CAD / SF |
| Cap Rate | 6.63% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,110 SF |
| Total Land Area | 5.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 11398 B Bartlett Ave, Adelanto, CA 92301 | Multifamily | 14,500 SF | 1956 | - |
| 11398 Bartlett Ave, Adelanto, CA 92301 | Specialty | 610 SF | 1956 | - |
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11398 Bartlett Ave
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