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$ 1,745,000
Est. payment | /mo
0.77 Acres Lot
$ 1,745,000
Est. payment | /mo
0.77 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82019275
HOA Y/N No
Year Built 1965
Annual Tax Amount $15,277
Lot Size 0.766 Acres
Property 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.
Location
State CA
County San Joaquin
Area 699 - Not Defined
Zoning R-M
Interior
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 24
Building
Water Public
Schools
School District Other
Others
Tax ID 11706048
Special Listing Condition Standard
Listed by Duydat Vu Dat Vu, Broker
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Carlos Gutierrez
REALTOR | Lic# Lic# 01461743