Overview
About This Listing
Turnkey investment opportunity in Auburn with strong in-place income and clear upside. Fully occupied 44-unit mobile home park with a waiting list, low vacancy risk and consistent demand. Unit mix includes 23 spaces, 10 park-owned mobile homes, 9 park-owned cabins, and 1 duplex, providing multiple income streams. Stable tenant base with long-term occupancy (many 15+ years) supports predictable cash flow. Recent upgrades to water and septic systems reduce future capital expenses. All utilities are sub-metered, helping control operating costs. Current cap rate is 7.91%. Pro forma cap rate exceeds 13% by aligning rents with market levels. Additional $600K+ value-add potential through repositioning and optimizing park-owned units. Clean, stable asset with strong yield and upside, built for long-term hold or strategic value-add execution.
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33027 Road 159 , Ivanhoe, CA 93235
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Source:
Listed by: Nexthome Progressive -
Details
$399,999(Negotiable)
2027 Grand Canal Boulevard, #27, Stockton, CA 95207
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Source:
Listed by: BHGRE Integrity Real Estate -
Details
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554 2nd Street, Yuba City, CA 95991
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Source:
Listed by: Aztec Real Estate -
Details
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