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31213346
32332793

420 Cleveland Ave, Sacramento, CA 95833

PB
CA 02247759
Commercial Real Estate Investors, Inc.
DB
CA 02177812
Commercial Real Estate Investors, Inc.
Listed by Commercial Real Estate Investors, Inc.
$1,000,000
101 days on market
Updated 12 days ago

Gardenland Trailer Court

Details
APN 274-0132-015-0000
Property Type Mobile Home Park, Multifamily
Sub Type Apartment Building, RV Park
Units 13
Cap Rate 7.91%
NOI $79,128
Occupancy 100%
Pro-Forma Cap Rate 8.44%
Pro-Forma NOI $84,401
Class C
Year Built 1949
Year Renovated 2019
Buildings 3
Acreage 0.470
Zoning R-1
Investment Type Value Add

Seller Financing Available! | 7.91% Cap | Sacramento RV park + Apartments

Marketing description

Gardenland Trailer Court presents a unique value-add opportunity in Sacramento, just 10 minutes to downtown, featuring a 13-unit mix of 7 RV’s a fourplex of studios, and 2 single-family homes. The property is a fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, offering stable occupancy and low operating expenses.

The property benefits from city water and sewer, creating an opportunity to implement a RUBS program and further increase income. Additional upside exists through below-market rents and operational improvements. The property has also benefited from recent capital improvements (2019), including new roofs, paving, and full interior remodels of four units. Ideally located just 10 minutes from Downtown Sacramento, with easy access to I-5, major retailers, and approximately 8 miles to Sacramento International Airport.

Investment highlights

  • Seller Financing Available! (Contact Listing Agent for Terms)
  • 10 mins) to Downtown Sacramento MSA
  • Easy I-5 Access ~8 Miles to Sacramento International Airport
  • All long-term tenant-owned RV’s
  • City Water & Sewer
  • Below-Market Rents
  • Recent Interior remodels done, new roofs, and paving completed in 2019
  • All Tenant-owned long-term RV’s
  • RUBS potential Implementation to charge back for Water, Sewer, Garbage

Listing Contacts

PB
CA 02247759
Commercial Real Estate Investors, Inc.
DB
CA 02177812
Commercial Real Estate Investors, Inc.
Listed by Commercial Real Estate Investors, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,128.00
$6,594.00/mo

Valuation Metrics

0
DSCR
7.91%
Cap Rate
7.91%
ROI

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Additional Information

Name
Pierce Brazil
License
02247759
Brokerage
CRI Brokerage
Brokerage Phone
(949) 335-5921
Title
Senior Investment Associate
Brokerage Address
2152 Dupont Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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