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11398 Bartlett — Adelanto | Belmont Brokerage

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$1,500,000

108,900 sqft lot00|0 DOM

11398 Bartlett, Adelanto, CA 92301

Property Description

Excellent investment opportunity in Adelanto! This 16-space mobile home park, situated on over 5 acres, offers immediate cash flow with a 6.63% current cap rate and a projected pro forma of 8%+. The property features a value-add potential with space to add 3 to 4 more units. Sale includes all mobile home trailers, with three units recently remodeled. Additionally, the site includes an on-site commercial building with a steady income from a bakery tenant. Significant recent upgrades include a newly improved septic system (2024). All leases are month-to-month, providing maximum flexibility for rent increases and management. Ideally located with easy access to Hwy 395.

Listing provided by: Kyungae YoonDRE #02119369714-451-1700 realtorannieyoon@gmail.com, Coldwell Banker Best Realty

MLS #: PW26090078