Hemingway’s Retreat MHP
$500K+ in Park-Owned Homes & SFR Included | Adjacent R-3 Parcel | 7.59 CAP | Yosemite Corridor
Marketing description
Hemingway’s Retreat, a 13-unit, all-age manufactured housing community in Sonora, California.
The offering includes two parcels:
- An approximately 2.1-acre R-3/O-zoned parcel with a single-family residence that may have the potential to be sold separately at market value.
- A second parcel containing the manufactured housing community, included in sale approximately $500,000 in park-owned homes.
The community consists of 9 park-owned homes, 3 tenant-owned homes, and 1 single-family residence. The property currently generates approximately $73,916 / (7.59% CAP) in net operating income.
A fully funded utility conversion to direct-billed electric and gas is currently underway, with completion anticipated in early 2027. The conversion is expected to reduce operating expenses and increase future NOI.
Located along the Yosemite corridor, the property is approximately 60 minutes from Yosemite National Park and one hour from Modesto. Hemingway’s Retreat offers stable in-place income, multiple revenue streams, and significant upside potential. Buyer to verify all information.
Investment highlights
- Utility Conversion Underway: Direct-billed electric and gas will reduce expenses and increase NOI.
- All Park owned homes Included valued at ~$500,000
- Spacious SFR on a Separate ±2.1-Acre Parcel Zoned R-3/O, with Potential to Be Sold Separately at Market Value — Buyer to Verify
- Rents: Organic upside through future increases within rent control guidelines.
- Diversified Income: Revenue from POHs, mobile home spaces, and the included SFR.
- Potential Development Upside: Adjacent ±2.1-acre parcel zoned R-3/O for potential residential development. Buyer to verify.
- Yosemite Corridor Location: Approximately 60 minutes from Yosemite National Park and one hour from Modesto.
- On-Site Laundry Room
Utilities
- Water: Owner-paid
- Sewer: Billed back
- Electric: Metered and billed back
- Gas: Tenant-paid directly
- Trash: Billed back
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