420 Cleveland Ave - Manufactured Housing/Mobile Housing FOR SALE


Sacramento, CA 95833- Gardenland
$1,150,000 USD
209-444-6651
420 Cleveland Ave, Sacramento, CA for Sale
$1,150,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/5
null | 6.88% Cap Rate

420 Cleveland Ave
Sacramento, CA 95833
Gardenland


HIGHLIGHTS

  • 10 minutes to Downtown Sacramento - Easy access to I-5
  • City Water & Sewer
  • 100% occupied with long-term tenancy
  • Recent renovations (2019): roofs, paving, interior upgrades
  • All tenant-owned RVs

OVERVIEW

Gardenland Trailer Court presents a unique value-add opportunity in Sacramento, just 10 minutes from downtown. The property features a 13-unit mix of 7 RV spaces, a fourplex of studio units, 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

$1,150,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

13

PRICE/UNIT

$88,462

CAP RATE

6.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gardenland Trailer Court

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

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

Pierce BrazilCommercial Real Estate Investors IncMore Info
209-444-6651

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Pierce BrazilCommercial Real Estate Investors IncMore Info
209-444-6651

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