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29206 Via Princesa
Murrieta, CA 92563

$1,240,000 
  • -- Beds
  • -- Baths
  • 12,120 sqft
  • Residential Income | Manufactured On Land
  • Active
29206 Via Princesa, Murrieta - 548417225
29206 Via Princesa, Murrieta - 548417226
29206 Via Princesa, Murrieta - 548417227
29206 Via Princesa, Murrieta - 548417228
29206 Via Princesa, Murrieta - 548417229
29206 Via Princesa, Murrieta - 548417230
29206 Via Princesa, Murrieta - 548417231
29206 Via Princesa, Murrieta - 548417232
29206 Via Princesa, Murrieta - 548417233
29206 Via Princesa, Murrieta - 548417234
29206 Via Princesa, Murrieta - 548417235

Property Description for 29206 Via Princesa, Murrieta CA 92563

Great cash flow opportunity knocks. 8 INDIVIDUAL MANUFACTURED HOMES OPERATED AS RENTALS The portfolio consists of 8 individual manufactured home rentals within The Knolls 55+ senior community. The Knolls consists of 1,120 manufactured homes located within three similar individual HOAs. Each home is on its own individual lot and each HOA offers a recreation center and resort style pool. The HOAs limit the percentage of rental homes within each HOA to no more than 25% of the homes (280 homes), and the HOAs strictly enforce this rule. The 8 homes in the Murrieta Seniors Portfolio are part of the allowable 25%, and the limits on further rentals is an insurance policy against added competition. ALL ARE LARGE TWO BEDROOM FLOOR PLANS. The homes within the Murrieta Seniors Portfolio are all large two-bedroom floor plans and average 1,347 square feet. These large homes are ideal for either roommate situations or seniors who are downsizing from a single-family home and require a larger rental in order to accommodate their furnishings. Each of the 8 homes is single level in design and slightly different, with many offering large patios private backyards, covered parking, garages, or spectacular views. There is also considerable upside room on future rents.

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Murrieta
  • State: CA
  • Zip: 92563
  • Area: 208 - Murrieta-East
  • County: Riverside
  • Class: Residential Income
  • Property Subtype: Manufactured On Land
  • Stories: 1
  • Adult Community: Yes
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 12,120 sqft
  • Lot Sq Ft Apx: 3200.00
  • Year Built: 1975
  • Listing#: SW18126514
  • HOA Fee: 7200.00
  • Parcel Number: 913102012
  • List Date: 5/24/2018
  • Last updated on: 11/15/2018

Property Features for 29206 Via Princesa, Murrieta CA 92563

  • Cooling: Central
  • Heating: Central Furnace, Natural Gas
  • Parking Features: Carport Attached, Covered Parking, Driveway
  • Security Features: Carbon Monoxide Detector(S), Smoke Detector
  • Year Built: 1975
  • Community Features: Curbs
  • Foundation: Pillar/Post/Pier
  • Association Fee Period: Annually
  • Lot Desc: Back Yard, Close To Clubhouse, Front Yard
  • Pool: Association, Community Pool
  • Road: Paved

Additional Information for 29206 Via Princesa, Murrieta CA 92563

  • Association Fee: 7200.00
  • Association Fee Period: Annually
  • Bedroom 2 Area: 1515
  • Carport Y/N: Yes
  • Expenses: 23600.00
  • Garage Style: Carport Attached, Covered Parking, Driveway
  • Gross Building Area: 12120.00
  • Gross Income: 99024.00
  • Heating Fuel: Natural Gas
  • Net Income: 75424.00
  • Rent Income: 99024.00
Courtesy of Jeffrey Bast, Kw Temecula
Copyright 2018, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.