Listed by Marcus & Millichap - Downtown San Diego, Northmarq - LA, Northmarq Capital, LLC
$5,250,000
Stonegate Mobile Home Park
Details
APN 059-230-060-000
Property Type Mobile Home Park
Units 70
Cap Rate 5.75%
NOI $301,797
Occupancy 99%
Acreage 7.710
Investment Type Stabilized
Ownership Fee Simple
High-Quality 70-Site MHP in the Heart of Wine Country
Marketing description
- See Detailed Offering Memorandum
Investment highlights
- 70-Site High-Quality MHC in Santa Rosa, CA
- Site Mix: 65 TOH | 2 POH | 2 SFR | 1 Park Model | 2 RV Sites
- Situated on 7.71 Acres (9.07 Sites/Acre)
- Community Renovations Include Newly Paved Roads & CPUC Direct-Billed Electricity
- Improved NOI via Updated Insurance Quote & Vacancy Infill
- Well & Septic Served w/ Municipal Connections Available
- City Water Conversion Potential Via State Funded Grant Program
- Upside in Parking Revenue & Full Vacancy Decontrol Upon New Home Installation
- Rents Below Market By ~$300+
- Amenities: Large Clubhouse & Laundry Room
- Well Maintained, Managed, & Landscaped Community
Listing Contacts
Listed by Marcus & Millichap - Downtown San Diego, Northmarq - LA, Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$301,797.00
$25,149.75/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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