Investment Opportunity: Mobile Home/Trailer Park in Modesto, CA
$600,000
521 W Hatch Rd, Modesto, CA 95351
7.02
Cap Rate
42,132.2
NOI
Details:
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
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 actual 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.
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.
Documents:
| Title | ||
|---|---|---|
| 521_W_Hatch_Rd__Modesto__CA_95351_Flyer.pdf | ||
| 521_W_Hatch_Rd__Modesto__CA_95351_Flyer.pdf |
Location
Gallery
