Address not disclosed, Stockton, CA 95205
- $1,745,000
- 2,376
- SqFt
Listed by Duydat Vu, 408-482-1192 from Dat Vu, Broker
(If provided) CoList: from
- List Price
- $1,745,000
- MLS#
- ML82019275
- Status
- ACTIVE
- Sqft. of Residence
- 2,376
- Lot Size
- 33,375
- Listing Area
- Stockton East
- Year Built
- 1965
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.
Additional Information
- Acres
- 0.77
- Building Name
- V Mobile Home Park
- Cooling System
- None
- Foundation
- Other
- Garage Parking
- Common Parking Area, Unassigned Spaces
- Heating System
- Other
- Living Area
- 2,376
- Lot Size
- 33,375
- Neighborhood
- Stockton East
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public, Sewer Available at Site
- Unincorporated Yn
- Yes
- Zoning
- R-M
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