2888 Holly Dr - Manufactured Housing/Mobile Housing FOR SALE


Tracy, CA 95376
$1,295,000 USD
209-639-5111
2888 Holly Dr, Tracy, CA for Sale
$1,295,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/12
null | 4.16% Cap Rate

2888 Holly Dr
Tracy, CA 95376


HIGHLIGHTS

  • Owner-Financing Available
  • Rare In-Fill Redevelopment Opportunity within city limits
  • Access to all City Services
  • Potential to build up to 27 units of multifamily (25 per acre in HDR zoning)
  • Close proximity to major employers, schools, shopping, dining, and entertainment options
  • The .2 AC at 110 E Kavanaugh can be made available as well at an additional cost

OVERVIEW

KW Commercial is pleased to present the rare opportunity to acquire over an acre of in-fill high density residential land in the City of Tracy, with in-place income that will supplement ownership during entitlements. Currently run as a Mobile Home Park, the property consists of three adjacent parcels that currently hold five occupied mobile home units (one park owned). The parcels can hold up to a maximum of thirteen units, provided that some capital is invested into improvements (infrastructure, pavement, etc.). An investor may also choose to take advantage of the unique opportunity to re-develop the property into a higher and better use (HDR allows up to 25 units per acre). With the Complex being so close to schools, shopping, transportation, and major employers, we would expect high demand for the units once developed. We have priced the property to move fast and it is being offered in AS-IS condition. Interested parties are encouraged to inquire with the agent for more details. While all information is considered reliable, it is recommended that the buyer verify all details independently to ensure accuracy. Owner would strongly consider owner-financing. *An additional .20 AC of undeveloped ground at 110 E Kavanaugh can be made available as well at an additional cost*

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$2,590 USD /SF

# OF UNITS

5

PRICE/UNIT

$259,000

CAP RATE

4.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holly Dr Mobile Home Park - 2840, 2888, 2896

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

HD

APN/PARCEL ID

214-390-01,214-390-02,214-390-13

ASK ABOUT THIS PROPERTY

Bill JohnsonKW CommercialMore Info
209-639-5111

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Bill JohnsonKW CommercialMore Info
209-639-5111

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