Mobile Home Park Details
- Cap Rate: 5.9%
- Listing ID: 1669441
- Posted On: May 16, 2022
- Updated On: Jul 12, 2022
Description
4N Mobile Home Park is an all-age community comprised of 32 units located in the city of Oakdale, CA. There are 23 mobile homes, 8 RVs, and 1 recently remodeled apartment on a 3.70- acre parcel. The property is located directly south of Highway CA-120, for a short 4 min (2.1-mi) drive to downtown Oakdale and less than 1.5-hour drive to Yosemite National Park and California's capital, Sacramento. Oakdale has several large employers, including ConAgra Foods, Sconza Candy Company, and Oak Valley Hospital. 4N is an excellent opportunity to acquire a stabilized asset in a high-growth, Central Valley market.
Please Call:
Tim Ryan
Vice President of Investments
Direct: 310.862.6103
Office: 209.845.3861
Email: tryan@cricommercial.com
DRE #02097345 | CRI DRE #01807613
Dylan Brazil
Senior Investment Associate
Direct: 209.840.3460
Office: 209.845.3861
Email: dylanb@cricommercial.com
DRE #02177812 | CRI DRE #01807613
Location
The property is located directly south of Highway CA-120, for a short 4 min (2.1-mi) drive to downtown Oakdale and less than 1.5-hour drive to Yosemite National Park and California's capital, Sacramento.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $550 |
| Size: | 4 acre(s) |
Financial Information
| Gross Income: | $238,390 |
| Operating Expense: | $110,131 |
| Net Operating Income: | $128,259 |
| Expense Ratio: | 46.2 % |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $548 |
Utility Information
| Water: | Well |
| Sewer: | Septic |