24064 N Hwy 99, Acampo, CA 95220

PROPERTY DESCRIPTION

B & G Mobile Home Community is a well-maintained property comprised of 21 Mobile Home rental units and 98 RV Storage stalls situated on approximately 3.99 acres of land. The Mobile Home Park consists of twenty-one (21) stalls and one (1) permanent structure consisting of 2 rental units: 3 bed/ 1 bath, 2 bedroom/ 2 bath. All units are occupied with one (1) Mobile Home Stall ready for occupancy (4.76% vacancy rate). The RV Storage consists of 98 stalls, three (3) of which are available for tenancy (3.23% vacancy rate) for seventy-five dollars per stall per month ($75/stall/mo.) Located on Jahant Road, adjacent to Hwy 99, the RV Storage is secure electric fence and has a dump receptacle available for future use.

The property boasts excellent street exposure and freeway access to the north and south. All City utility services include Electricity and Gas connections, for each tenants. The property enjoys a private well and septic, tenants are billed back on a monthly basis.True-ups are performed by Park Billing by the second week of the month.

The Seller has also made improvements to the Property, including a new well in 2024, roof repairs in 2021, permitted A/C and furnace in 2021, and electric fence in 2021.

LOCATION DESCRIPTION

Located on Jahant Road, just south of the N Cherokee Rd offramp of the 99 Freeway, the Property is 3.99 Acres. The North and West lot line adjacent to Hwy 99, South lot line adjacent to Jahant Rd, and East lot line adjacent to N Cherokee Rd, Acampo, CA . Jahant Road is a commercial street with several businesses that cater to the local community.

Three (3) miles south on Hwy 99 is the Lodi Memorial Hospital, a new facility offering healthcare to the community. One (1) mile south on the westside of Hwy 99, is the Lodi airport servicing local and private patrons. The closest commercial airport to Lodi is Stockton Metropolitan Airport (SCK), located about 20 minutes away, which offers limited, direct flights.

VALUE ADD OPPORTUNITY

This property has been well-maintained and cared for by the on-site manager in unit 12 and ownership visiting the site on a weekly basis. Owner pays for landscaping, garbage cleanup, and weed abatement to ensure the premises remains clean and defensible.

There is a billboard located within the RV storage area ($3400/mo), the rent is not maximized.Buyer to research Fair Market Value of commercial billboards.

The Mobile Home Park stall rent rates are below Fair Market Value as increases have not been maximized.Buyer to research Rent Control laws in the State of California and the County of San Joaquin.