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Listed by Duydat Vu, DRE #01454787 • Dat Vu, Broker
$1,745,000
Est. payment /mo
2,376 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,376 sqft
Price per Sqft $734
MLS Listing ID ML82019275
Year Built 1965
Lot Size 0.766 Acres
Property Sub-Type Five or More Units
Source MLSListings, Inc.
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 Stockton East
Zoning R-M
Interior
Heating Other
Cooling None
Exterior
Parking Features Common Parking Area, Unassigned Spaces
Garage Spaces 24.0
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition
Building
Foundation Other
Sewer Sewer - Public, Sewer Available at Site
Water Public, Water On Site
Others
Tax ID 117-060-48
Special Listing Condition Not Applicable
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