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Undisclosed Address in Stockton, CA 95205
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$1,745,000
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Home Details
Price
$1,745,000
Type
Multi Family
Year Build
1965
Sq. Ft.
2376
Lot Size
0.77
County
San Joaquin
MLS®️ Listing#
ML82019275
On exitrealty.com
100 days
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.
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Listing Courtesy: Dat Vu, Broker. Presented by: Duydat Vu
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
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Market statistics compiled from data from Bridge MLS.
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EXIT REALTY CONSULTANTS
3425 Coffee Road. Ste 1, Modesto, CA 95355
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$1,745,000
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EXIT REALTY CONSULTANTS
3425 Coffee Road. Ste 1, Modesto, CA 95355
CA DRE# 01520140. Kris Klair Broker.