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31559435
31559436

61 Browns Ranch Rd, Weaverville, CA 96093

PA
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$1,175,000
60 days on market
Updated 60 days ago

Two Creeks MHP

Details
APN 024-390-030-000
Property Type Mobile Home Park
Sub Type Mobile Home Park
Units 25
Cap Rate 6.95%
NOI $81,621
Occupancy 92%
Pro-Forma Cap Rate 7.99%
Pro-Forma NOI $93,930
Year Built 1970
Acreage 3.810

Mobile Home Park | 25 Pads | $47,000/pad

Marketing description

Two Creeks MHP is a senior park located at 61 Browns Ranch Road in Weaverville, California. It is a 25-space park that is licensed for 25 mobile homes. The park is on city water and sewer. Gas and electric are direct billed to the residents. Trash and sewer are flat rate pass throughs. Rents average $445 and water is included in the rent. The park is located on one parcel totaling 3.81 acres. There is an on-site laundry room at the park. There is no rent or vacancy control in the town of Weaverville. Annual rent increases take effect every May. The next rental increase takes effect May 2026 for $25. Weaverville is the county seat of Trinity County. The town was founded in 1850 being a historic California Gold Rush town. Weaverville has a total of 10.4 sq miles of land. The town has a Mediterranean climate, though owing to its inland valley location Weaverville is wetter and observes much larger diurnal temperature variations. Weaverville's has a population of 3,667.

Investment highlights

Non-Rent Controlled Market

Direct Billed Gas & Electric

Upside in Rents and Trash Pass Through

City Water & Sewer

55+ Community

1 Park Owned Unit

Listing Contacts

PA
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$81,621.00
$6,801.75/mo

Valuation Metrics

0
DSCR
6.95%
Cap Rate
6.95%
ROI

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