420 Cleveland Ave - Manufactured Housing/Mobile Housing FOR SALE


Sacramento, CA 95833- Gardenland
$900,000 USD
209-840-3460
420 Cleveland Ave, Sacramento, CA for Sale
$900,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | 9.12% Cap Rate

420 Cleveland Ave
Sacramento, CA 95833
Gardenland


HIGHLIGHTS

  • 10 minutes to Downtown Sacramento - Easy access to I-5
  • City Water & Sewer
  • Seller Financing Available!
  • Seller will carry $630,000 (70%) at 5.0% fixed, 30-year amortization (~$3,382/mo P&I) with a 5-year balloon
  • All tenant-owned RVs
  • 9.12% Current Cap / 9.19% Year 1 | ~15% Cash-on-Cash

OVERVIEW

Gardenland Trailer Court presents a unique opportunity in Sacramento with Seller Financing Available! Just 10 minutes from downtown. The property features a 13-unit mix of 7 RV spaces, a four-plex, and 2 single-family homes. The asset is fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, providing stable occupancy and low operating expenses. The property is serviced by city water and sewer, offering the ability to implement a RUBS program to increase income. Additional upside exists through below-market rents and operational improvements. The property has undergone recent capital improvements in 2019, including new roofs, paving, and interior renovations on four units. Ideally located with easy access to I-5, major retail corridors, and approximately 8 miles from Sacramento International Airport.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$44 USD /SF

# OF UNITS

13

PRICE/UNIT

$69,231

CAP RATE

9.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gardenland Trailer Court

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

R-1

APN/PARCEL ID

274-0132-015

ASK ABOUT THIS PROPERTY

Dylan BrazilCommercial Real Estate Investors IncMore Info
209-840-3460

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Dylan BrazilCommercial Real Estate Investors IncMore Info
209-840-3460

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