13955 W Walnut Grove Rd - Manufactured Housing/Mobile Housing FOR SALE


Thornton, CA 95686
$2,999,999 USD
916-698-7801
13955 W Walnut Grove Rd, Thornton, CA for Sale
$2,999,999 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/15
null | 7.52% Cap Rate

13955 W Walnut Grove Rd
Thornton, CA 95686


HIGHLIGHTS

  • 60 Unit Mobile Home and RV Park
  • Boat Launch and Docking Facilities with Gas Pump and Marina Store
  • Restaurant and Bar with Outdoor Eating Area overlooking the water and beautiful Delta Sunsets
  • Multiple Income Streams

OVERVIEW

Drastically reduced price! This 60 unit Mobile Home and RV Park recently appraised at $4,200,000. We must close quickly due to bankruptcy filing. Seize this incredible opportunity to own a prime waterfront property on the delta! This unique investment boasts multiple income streams, allowing you to collect rent from a Mobile Home park, RV park. If you have ever dreamed of becoming a restaurateur, now is your chance to turn that vision into reality. Or you can rent the restaurant out for an additional income stream. This versatile property also features a convenience store, a marina, a gas dock, launch facilities, slip rentals, and dry storage - all designed to maximize your potential revenue. Plus, you will receive not just one, but two parcels of land, with the additional parcel being 001-040-02, bringing the total to just over 7 acres of prime real estate. Take advantage of this reduced price due to the recent vacancy increase. With 20 spaces currently vacant due to the bankruptcy proceedings, there is an upside potential of $16,000 per month on just monthly rental income. This amount can increase exponentially if nightly and weekend rentals are offered. The owners have taken management back over on July 1st and are now filling those vacancies. The return on investment should significantly increase. Don't miss out on this remarkable investment opportunity!

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$857 USD /SF

# OF UNITS

60

PRICE/UNIT

$50,000

CAP RATE

7.52%

% LEASED

68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wimpys

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

ag-40

APN/PARCEL ID

001-040-02,001-040-03

ASK ABOUT THIS PROPERTY

Tracy RamirezRealty Point Inc.More Info
916-698-7801

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Tracy RamirezRealty Point Inc.More Info
916-698-7801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.