Investment Property / Huge Income Potential / Seller Will Carry / Possible Future Development Site
Well maintained high grossing income property with 14 trailer spaces, 6 individual free-standing cottages and 1 remodeled double wide mobile home. This property is located in the “gateway of Oakley”, CA with a traffic count of approximately 52,000 per day. The land has a high Potential for future redevelopment projects. The City of Oakley has a huge commercial redevelopment project planned project directly across the street outlined in the 2020 General plan called the River Oaks Crossing. Cash flow now, develop later!
The seller will possibly carry a second mortgage for the right buyer which opens a wide array of opportunity for creative financing. This investment property carries a current cap rate of 9.00% with room for improvement for creative investment property owners. A Large 8x8 double sided sign diagonally facing each direction of traffic on HWY 4 offers potential advertising space and increased revenue from the property.
This property is a CASH COW with HUGE potential… Don’t let this one slip by you as it will go fast. This is A for sale by owner property with an experienced investor that is willing to carry a second mortgage. Call today for more information or to view the property in person.
• For Sale by Owner!
• Owner WILL CARRY SECOND MORTGAGE! YES!!!!
• 21 Total Rentable Spaces
• Mobile Home Park with (6) Free Standing Cottages (1) Double Wide Mobile Home Completely remodeled and 14 spaces with Full utility hookups
• HIGH CASH FLOWING PROPERTY This is a CASH COW!
• Potential Future Development Site Located in The Gateway To Oakley
• High traffic count of 52,000 per day
• Prime location right on HWY 4
• Zoned as (C) Commercial Use
• Located Directly Across The Street From A Large Planned Development Site (River Oaks Crossing) In The City of Oakley
• Large 8’x8’ Double Sided Sign With Advertising Revenue Potential
Call Jon Buchanan Today for more information!
925-323-1724