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29797499
33956815

617 Walsh St, Grass Valley, CA 95945 For Sale

$1,395,000
156 days on market
Updated 24 days ago

Crystal Mobile Home Community

Details
APN 029-030-005-000
Property Type Mobile Home Park
Sub Type Manufactured Housing Community
Cap Rate 7.58%
NOI $105,695
Occupancy 100%
Pro-Forma Cap Rate 8.15%
Pro-Forma NOI $113,625
Broker Co-Op False
Year Built 1960s
Buildings 1
Stories 1
Acreage 1.450
Zoning Single-family residential
Investment Type Stabilized

Mobile Home Park | 8.15% CAP

Marketing description

Crystal Mobile Home Community is an all-ages manufactured housing community located at 617 Walsh Street in the City of Grass Valley, California. This charming community is nestled between the downtown area and Condon Park, a local amenity with a dog park, skatepark, disc golf course, sports facilities, and more. The community has great access to State Routes 20 and 49 for travelers that frequent Lake Tahoe and Sacramento, respectively.

The community consists of 14 mobilehome spaces, which are 100% resident-owned and occupied on 1.45 acres. The property operates on public water and sewer. Gas, electric, and disposal services are directly billed by local service providers. In addition, the City of Grass Valley does not have a local rent control ordinance for mobilehome communities.

Investment highlights

  • PG&E direct gas & electric to residents
  • City water and sewer
  • No local rent control
  • 100% occupied
  • 10-min walk to downtown
  • 5-min walk to Condon Park

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$105,695.00
$8,807.92/mo

Valuation Metrics

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DSCR
7.58%
Cap Rate
7.58%
ROI

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