Stockton, CA 95205
- $1,745,000
- List Price
- $1,745,000
- Status
- ACTIVE
- MLS#
- ML82019275
- Year Built
- 1965
- Lot Size
- 33,375
- Acres
- 0.77
- Days on Market
- 336
- Property Type
- Commercial
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.
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Additional Information
- Taxes
- $15,277
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Number Of Units Total
- 24
- Gross Scheduled Income
- $194,000
Listing courtesy of Listing Agent: Duydat Vu (duydat@sbcglobal.net) from Listing Office: Dat Vu, Broker.
Mortgage Calculator
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