Mobile Home Park Details
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Purchase Method:
Cash, Seller Financing, New Loan
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Cap Rate:
6.7%
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Listing ID:
1644294
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Posted On:
Apr 13, 2022
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Updated On:
Mar 2, 2023
Description
V&P Mobile Home Park + Duplex is comprised of 17 total units on two separate parcels of land located in an opportunity zone. V&P MHP is an all- age community with 13 mobile home spaces and 2 stick-built houses on a 1.04 AC parcel. The adjoining parcel has a duplex with 2 separate stick- built houses on approximately half an acre. The Stockton MSA has a population of 446,000 and is the 11th largest city in California. V&P MHP + Duplex represents a unique opportunity to acquire two stabilized assets in a high-growth Central Valley market.
Location
The property is located off the Golden State Highway (SR-99) in southeast Stockton, CA. Its desirable location is situated less than a 10-min (3.1 mi) drive to Downtown Stockton, 1 hour (48.4 mi) drive to California's capital, Sacramento, 1.5 hours (83 mi) to San Francisco, CA, and less than 2 hours (94 mi) from Yosemite National Park.
Amenities
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Utility Information
Water: |
Well |
Water Paid By: |
Park
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Sewer: |
Septic |