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31478620
31478630

521 W Hatch Rd, Modesto, CA 95351 For Sale

C21 Commercial
KL
CA 01516541
C21 Commercial
Listed by C21 Commercial
$600,000
115 days on market
Updated 7 days ago

Investment Opportunity: Mobile Home/Trailer Park in Modesto

Details
APN 038-054-033-000
Property Type Mobile Home Park
Sub Type Trailer Park
Square Footage 6,900
Units 8
Cap Rate 7.02%
NOI $42,132
Price per SqFt $87
Acreage 1.856
Zoning R:1
Investment Type Value Add

Mobile Home Park

Marketing description

Property Description

Fully leased mobile home/trailer park with (8) trailers and (1) 2-bed/1-bath home totaling ±6,900 SF of space on ±25,900 SF of land. Value add opportunity with potential rents of $67,008.00/year. The site offers ample yard area with room for storage or additional mobile homes/trailers, access from W Hatch Rd, convenient parking, & easy access to nearby CA-99 on/off ramps. The close proximity to schools and shopping areas make it a great location for tenants. This mobile home community presents a compelling investment opportunity in one of the Central Valley’s steadily growing rental markets. With strong demand for affordable housing in Modesto, this property is well positioned to deliver consistent occupancy and reliable cash flow.

Location Description

Located east of CA-99 and south of CA-132 in Modesto, CA. Easy north/south Hwy 99 access & will benefit from this large, expanding commercial/residential market. Modesto is located in the Central Valley region, 68 miles south of Sacramento and 90 miles north of Fresno. Distances from other places include: 40 miles north of Merced, California, 92 miles east of San Francisco, 66 miles west of Yosemite National Park, and 24 miles south of Stockton.

The city, in the San Joaquin Valley, is surrounded by rich farmland. Stanislaus County ranks sixth among California counties in farm production. It is home to Gallo Family Winery, the largest family-owned winery in the United States. Led by milk, almonds, chickens, walnuts, and corn silage, the county grossed nearly $3.1 billion in agricultural production in 2011. The farm-to-table movement plays a central role in Modesto living in the Central Valley.

Investment highlights

  • Investment Opportunity: Mobile Home Park
  • (8) Trailers + (1) 2-Bed/1-Bath Home
  • 7.02% Cap & 5.37% Cash-on-Cash Return After Stabilized
  • Stable Income to Produce $67,008 In Annual Rents
  • ±6,900 SF on ±1.856 Acres w/ Ample Yard Area
  • Private Parking On Site | Access From W Hatch Rd
  • Long Term Tenants w/ Upside Potential Via Leasing
  • Easy Access to Highway 99 On/Off Ramps
  • Requires Little Management or Maintenance From Landlord
  • Close Proximity to Many Schools and Shopping Areas
  • Strong Demand for Affordable Housing in Modesto
  • Steadily Growing Rental Market

Listing Contacts

C21 Commercial
KL
CA 01516541
C21 Commercial
Listed by C21 Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$42,132.00
$3,511.00/mo

Valuation Metrics

0
DSCR
7.02%
Cap Rate
7.02%
ROI

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