Opportunity to own your own Mobile Home Park with a good mix of apartments and mobile home space rental. Property is on City Water & City Sewer with Natural Gas to the Property. 24 Unit Mobile Home Park: which Includes 19 mobile home space rental; 1 SFR (2bd/1bth); 2 Duplex Units.
High Lights: All-age community with long-term residents. 100% tenant-owned homes Mobile Home and Trailer units. Built-in stability due to high moving costs. Duplex and SFR is park owned.
Financial Strengths: Attractive Income and CAP at 6%. No rent control in Stockton. Market rent upside value add. Master-metered utilities, billed back to tenants. Low-maintenance operations.
Location Advantages. Centrally located in Stockton (11th largest city in CA, pop. ~325,000). High rental demand driven by affordability gap. Easy freeway access to Sacramento & San Francisco. Value-Add Potential. Upside through adjusting to market rents. Opportunity for consistent income growth. Strong tenant retention lowers turnover costs.
For sale
$1,745,000
Stockton, CA 95205
--beds
--baths
2,376sqft
Est.:
Five Or More Units
Built in 1965
-- sqft lot
$545,200 Zestimate®
$734/sqft
$-- HOA
What's special
- 86 days |
- 70 |
- 2 |
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