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$1,745,000
Est. payment /mo
0.77 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82019275
HOA Y/N No
Year Built 1965
Annual Tax Amount $15,277
Lot Size 0.766 Acres
Property Description
Opportunity to own your own Mobile Home Park with a good mix of apartments and mobile home space rental. Property is on City Water & City Sewer with Natural Gas to the Property. 24 Unit Mobile Home Park: which Includes 19 mobile home space rental; 1 SFR (2bd/1bth); 2 Duplex Units. High Lights: All-age community with long-term residents. 100% tenant-owned homes Mobile Home and Trailer units. Built-in stability due to high moving costs. Duplex and SFR is park owned. Financial Strengths: Attractive Income and CAP at 6%. No rent control in Stockton. Market rent upside value add. Master-metered utilities, billed back to tenants. Low-maintenance operations. Location Advantages. Centrally located in Stockton (11th largest city in CA, pop. ~325,000). High rental demand driven by affordability gap. Easy freeway access to Sacramento & San Francisco. Value-Add Potential. Upside through adjusting to market rents. Opportunity for consistent income growth. Strong tenant retention lowers turnover costs.
Location
State CA
County San Joaquin
Area 699 - Not Defined
Zoning R-M
Interior
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 24
Building
Water Public
Schools
School District Other
Others
Tax ID 11706048
Special Listing Condition Standard
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Listed by Duydat Vu Dat Vu, Broker
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