Description
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 |
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Learn More About This Property
| State | CA |
|---|---|
| County | San Joaquin |
| City | Stockton |
| Zip Code | 95205 |
| Area | 699 Not Defined |