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Stockton,CA 95205
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,376 sqft
Price per Sqft $734
MLS Listing ID ML82019275
Year Built 1965
Lot Size 0.766 Acres
Property Sub-Type Five or More Units
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 Stockton East
Building/Complex Name V Mobile Home Park
Zoning R-M
Interior
Heating Other
Cooling None
Exterior
Parking Features Common Parking Area,Unassigned Spaces
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Type Composition
Building
Foundation Other
Sewer Sewer - Public,Sewer Available at Site
Water Public,Water On Site
Others
Restrictions Age - No Restrictions
Tax ID 117-060-48
Security Features Other
Special Listing Condition Not Applicable