5553 Willows Rd - Manufactured Housing/Mobile Housing FOR SALE
Alpine, CA 91901 |
$1,481,000 USD
619-204-3086
5553 Willows Rd
Alpine, CA 91901
HIGHLIGHTS
- Land + Home Ownership: Investor owns all six manufactured homes and the underlying land, eliminating lot-lease risk and enhancing long-term control.
- Strong In-Place Cash Flow: Fully occupied with rents ranging from $1,956 to $2,638 per unit, producing durable income from day one.
- Low Operating Expenses: Individually metered electric paid by tenants and on-site well water significantly reduce landlord utility costs.
- Prime Demand Driver: Located almost directly across from a casino, supporting consistent tenant demand and rental stability.
OVERVIEW
This is a mobile home park where you also own the 6 manufactured homes. At this price, the value of the homes make it as if you are getting the land almost for free. Some of the homes are newer and nice, all homes have big private yards. Each home has a dedicated electric meter, ie; tenants pay electric. Water is well keeping water costs down. Almost across from the Casino .77 acretam lot. Fully rented, month-to-month leases.
Unit 1 - 3/2 - $2,523 rent
Unit 2 - 2/2 - $1,960 rent
Unit 3 - 2/1 - $2,029 rent
Unit 4 - 3/2 - $1,956 rent
Unit 5 - 3/2 - $2,399 rent
Unit 6 - 3/2 $2,638 rent
FOR SALE DETAILS
PRICE
$1,481,000 USD
PRICE/SF
$195 USD /SF
# OF UNITS
6
PRICE/UNIT
$246,833
CAP RATE
Request Cap Rate
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Manufactured Housing/Mobile Housing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,554 SF
ZONING
C34
APN/PARCEL ID
406-080-08
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619-204-3086
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619-204-3086
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