44614 State Highway 299 E - Manufactured Housing/Mobile Housing FOR SALE


Mcarthur, CA 96056
$699,000 USD
510-260-7349
44614 State Highway 299 E, Mcarthur, CA for Sale
$699,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 11.55% Cap Rate

44614 State Highway 299 E
Mcarthur, CA 96056


HIGHLIGHTS

  • Quiet family-friendly mobile home park in the beautiful Fall River Valley situated on 4 acres of pines and open space
  • Endless development opportunities on adjacent 6.4 acre parcel, included in this sale, zoned mixed use (residential, commercial, light industrial)
  • 12 mobile home spaces in addition to 1 house, 4 cabins and 2 RV spaces / all age community / 100% occupied
  • 8 mini-storage buildings available for resident use
  • Served by well and septic systems with sub-metered electric / all septic tanks pumped recently.
  • Proforma Cap Rate 11.55% / Proforma NOI $80,756

OVERVIEW

Beautiful family-friendly mobile home park in the heart of the peaceful Fall River Valley. This property consists of two adjacent parcels totaling 10.4 acres. The park includes 12 mobile homes, 1 single family home, 4 cabins and 2 RV spaces. In addition, there are 8 mini-storage buildings on site. Electricity is sub-metered and the park has its own well for water supply. There are 5 well-maintained septic systems - all of them pumped within the last 4 years, the most recent being this year. A utility room attached to the house contains a coin-operated washer and dryer for resident use. The two parcels include approximately 6 acres of tillable land and are zoned mixed use, suitable for residential, commercial or light industrial.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

19

PRICE/UNIT

$36,789

CAP RATE

11.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Grove Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.4 AC

LAND SF

453,024 SF

ZONING

Mixed Use

APN/PARCEL ID

018-080-010-000,018-080-011-000

ASK ABOUT THIS PROPERTY

Neil HowardPine Grove Mobile Home ParkMore Info
510-260-7349

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Neil HowardPine Grove Mobile Home ParkMore Info
510-260-7349

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