Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire the 69-site Riverside Crossing Mobile Home Community, a well-situated affordable housing opportunity adjacent to the Sacramento River located off Interstate 5, a major north-south route convenient to Sacramento approximately 124 miles south and Redding approximately 45 miles north.
The property is made up of 69 sites with 31 MH sites, 35 RV sites, 1 apartment, 1 house, and 1 tent site. The property also has an on-site office.
Riverside Crossing MHC provides investors with expertise in stabilization and operations a prime value-add opportunity.
The UPDATED asking price for the park is $2,500,000 ($36,200/unit).
This represents a 9.6% cap rate on stabilized NOI.
The owner is open to seller-financing at reasonable terms with a strong down payment.