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Realty Point, Inc.

admin@realtypoint.net +1(916) 936-3930

$550,000

Est. payment - /mo

264 SqFt

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 264 sqft

Price per Sqft $2,083

MLS Listing ID 226042890

HOA Y/N No

Year Built 1960

Lot Size 49299.441 Acres

Acres 7.41

Property Sub-Type Other

Source MLS Metrolist

Property Description

Exceptional opportunity to acquire a 26-space mobile home park offered at $550,000, equating to approximately $21,150 per space, well below typical market pricing and positioned for a quick sale due to seller health circumstances. The property currently has rents ranging from $500 to $600 per month and presents a value-add opportunity, as current operations are not yet optimized and the asset is not presently producing positive cash flow. This creates significant upside for an investor to improve management, fill spaces with RV or Mobile/Manufactured Homes, and enhance overall performance. Once stabilized, the property has the potential to deliver a projected cap rate exceeding 15%, making it an attractive repositioning opportunity in the resilient affordable housing sector. In addition, ownership offers valuable depreciation tax benefits, which may help offset taxable income and improve overall returns (buyers to verify with their tax advisor). Offering private financing with $170,000 down, providing a flexible acquisition structure and reducing reliance on traditional lending. This is a rare chance to acquire a below-market asset with substantial upside and long-term growth potential.

Location

State CA

County Calaveras

Area 22029

Direction From Mokelune Hill, take hwy 26 east, turn right on Ridge Rd, turn right on Railroad Flat Rd., property is on left.

Interior

Heating Other

Cooling Other

Flooring Other

Laundry Coin Operated, In Common Area

Exterior

Parking Features Other

Utilities Available Sewer Connected, City, Electric, Internet Available, Propane

Water Access Desc Private

Total Parking Spaces 56

Building

Lot Description Other

Foundation Other

Sewer Private Sewer

Water Private

Level or Stories One

Schools

Elementary Schools Calaveras Unified

Middle Schools Calaveras Unified

High Schools Calaveras Unified

School District Calaveras

Others

Senior Community No

Tax ID 014-014-088-000

Special Listing Condition None

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Listed by eXp Realty of California, Inc.

Nearby School & Business

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Realty Point, Inc.

+1(916) 936-3930

Real Estate Brokerage | CA DRE#02212763

Real Estate Brokerage CA DRE#02212763

245 Railroad Flat RD Rail Road Flat, CA 95245

Realty Point, Inc.

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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