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.
2,376 Sq Ft
0.766 Private Acres Lot Size
Investment
Built in 1965
MLS/Listing ID ML82019275
Heating - Other
Composition
Source of Data: MLSLISTINGS
TOTAL MONTHLY COST
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