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.
Details
MLS #
ML82019275
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1965
Days On Site
370
Listing Provided By
Dat Vu, Broker | Duydat Vu
Features
SQ Feet
2,376
Units
24
Building(s)
3
Zoning
R-M
Acreage
0.77
Interior
Cooling
None
Cooling Yes / No
Yes
Exterior
Roof
Composition
Taxes
Property
15277
Area Information
State
CA
County
San Joaquin
City
Stockton
Zip Code
95205
Area
699 Not Defined
Sourced by Back At You
MLS#: ML82019275 Listed By: Duydat Vu - Dat Vu, Broker - 4084821192-
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MLS#: ML82019275 Listed By: Duydat Vu - Dat Vu, Broker - 4084821192-
