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Introducing The Pines Senior Mobile Home Park, a premier 55+ community located in the charming town of Grass Valley, CA. This unique and lucrative 28-space property, spread over 2.86 acres, offers a rare opportunity to acquire, income-producing asset in a desirable and stable market. Consists of 28 total spaces, including 21 mobile home spaces and 7 homes; 95% Occupancy with reliable income stream. City Utilities, water, and trash are pass-through to tenants; P.G.&E. natural gas and electric are direct billed. Zoning R1-1.5 in a desirable location only 5 minutes to historic downtown Grass Valley, near major freeways and Nevada County transit routes and schools. NOI: $198,113 Cap Rate: 7.2%, GRM: 10.30. With a stable tenant base and excellent market fundamentals, The Pines Senior Mobile Home Park represents a turnkey investment with strong cash flow. The combination of a 95% occupied, senior-only community make this property an exceptional choice for investors seeking dependable income and long-term appreciation. CNDA required. 1MM DP to cure current debt service.
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4834 Powerline Road, Olivehurst, CA 95961
- Olivehurst, Yuba, CA
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Source:
Listed by: Intero Real Estate Services -
Details
$3,195,000(Negotiable)
1029 33rd Street, Sacramento, CA 95816
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Source:
Listed by: Compass -
Details
$1,100,000(Negotiable)
5807 Hazel Avenue, Orangevale, CA 95662
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Source:
Listed by: eXp Realty of Northern California, Inc. -
Details
$640,000(Negotiable)
