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Mobile Home Park Details

  • Price: $750,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 8.0% (Actual)
  • Listing ID: 6867264
  • Posted On: Apr 11, 2025
  • Updated On: Apr 11, 2025

Description

CRI Real Estate are pleased to present the exclusive offering to acquire San Andreas Park, a well-performing community located at 711 W Brannan Island Rd, Isleton, CA. This all-ages park consists of 27 total spaces, including 25 RV sites and 2 mobile homes, with current occupancy at 85%. Spanning 3.5 acres, the property features reliable infrastructure with three private wells, three septic systems, and master-metered electricity. Additional improvements include a laundry facility, a 2-car garage, sheds, and a large metal storage container. The property is being offered at $750,000, or $27,779 per site, and includes seller financing with at least $495,000 down. It generates a scheduled Year 1 NOI of $59,639, resulting in a 7.95% cap rate, with proforma projections showing $108,277 NOI and a 14.44% cap rate. With an average site rent of $498, there remains significant potential to raise rents in line with market rates. This is a rare opportunity to acquire a smooth-running, value-add community in the greater Sacramento Delta area with immediate cash flow and seller financing available.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 85.2 %
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $155,312
Operating Expense: $95,672
Net Operating Income: $59,639
Expense Ratio: 61.6 %

Lot Information

Singlewide Lots: 1
Doublewide Lots: 1

RV Information

Number of RV Lots: 25

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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