521 W Hatch Rd - Specialty FOR SALE


Modesto, CA 95351- Southwest Modesto
$600,000 USD
559-705-1000
521 W Hatch Rd, Modesto, CA for Sale
$600,000 USD
Specialty - FOR SALE
1/24
null | 7.02% Cap Rate

521 W Hatch Rd
Modesto, CA 95351
Southwest Modesto


HIGHLIGHTS

  • Investment Opportunity: Mobile Home Park
  • (8) Trailers + (1) 2-Bed/1-Bath Home
  • 7.02% Cap & 5.37% Cash-on-Cash Return After Stabilized
  • Stable Income to Produce $67,008 In Annual Rents
  • ±6,900 SF on ±1.856 Acres w/ Ample Yard Area
  • Easy Access to Highway 99 On/Off Ramps

OVERVIEW

Property Description Fully leased mobile home/trailer park with (8) trailers and (1) 2-bed/1-bath home totaling ±6,900 SF of space on ±25,900 SF of land. Value add opportunity with actual rents of $67,008.00/year. The site offers ample yard area with room for storage or additional mobile homes/trailers, access from W Hatch Rd, convenient parking, & easy access to nearby CA-99 on/off ramps. The close proximity to schools and shopping areas make it a great location for tenants. This mobile home community presents a compelling investment opportunity in one of the Central Valley’s steadily growing rental markets. With strong demand for affordable housing in Modesto, this property is well positioned to deliver consistent occupancy and reliable cash flow. Location Description Located east of CA-99 and south of CA-132 in Modesto, CA. Easy north/south Hwy 99 access & will benefit from this large, expanding commercial/residential market. Modesto is located in the Central Valley region, 68 miles south of Sacramento and 90 miles north of Fresno. Distances from other places include: 40 miles north of Merced, California, 92 miles east of San Francisco, 66 miles west of Yosemite National Park, and 24 miles south of Stockton. The city, in the San Joaquin Valley, is surrounded by rich farmland. Stanislaus County ranks sixth among California counties in farm production. It is home to Gallo Family Winery, the largest family-owned winery in the United States. Led by milk, almonds, chickens, walnuts, and corn silage, the county grossed nearly $3.1 billion in agricultural production in 2011. The farm-to-table movement plays a central role in Modesto living in the Central Valley.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Opportunity: Mobile Home Park

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R:1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jared EnnisCentral CA CommercialMore Info
559-705-1000

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Jared EnnisCentral CA CommercialMore Info
559-705-1000

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