Mobile Home Park Details

Purchase Method: Cash, Seller Financing, New Loan
Cap Rate: 6.7% (Actual)
Listing ID: 1644294
Posted On: Apr 13, 2022
Updated On: Mar 2, 2023

Description

V&P Mobile Home Park + Duplex is comprised of 17 total units on two separate parcels of land located in an opportunity zone. V&P MHP is an all- age community with 13 mobile home spaces and 2 stick-built houses on a 1.04 AC parcel. The adjoining parcel has a duplex with 2 separate stick- built houses on approximately half an acre. The Stockton MSA has a population of 446,000 and is the 11th largest city in California. V&P MHP + Duplex represents a unique opportunity to acquire two stabilized assets in a high-growth Central Valley market.

Location

The property is located off the Golden State Highway (SR-99) in southeast Stockton, CA. Its desirable location is situated less than a 10-min (3.1 mi) drive to Downtown Stockton, 1 hour (48.4 mi) drive to California's capital, Sacramento, 1.5 hours (83 mi) to San Francisco, CA, and less than 2 hours (94 mi) from Yosemite National Park.