Historical Multifamily Sale Listing - Continental MHP

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Continental MHP

28606 Huntwood Avenue, Hayward, CA 94544

N/A

198 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
198
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
5.25%
Gross Rent Multiplier:
10.60
Occupancy:
100%
Year Built:
1963
Lot Size:
17.04 AC
Listing ID
14038890
Last Updated
over 1 year ago

Highlights

  • 4 star MHP
  • In-fill location in the hear of the San Francisco Bay Area
  • Tenants pay all utilities
  • City water and sewer
  • Spacious clubhouse with pool

Description

Continental is a well-maintained, 4-star all-age mobilehome park. Tenants pay all utilities including city water, sewer and trash. Drives are in good condition with 2 rolled drainage gutters. All coaches are skirted with attached carports. The property consists of approximately 2/3 double wide coaches and 1/3 single wides. Most of the spaces occupied by single wides can accomodate double wides. Average rents are $413 and increase annually in June. Hayward's rent control permits annual increases equal to the CPI, with a minimum of 3% and a maximum of 6%. There is no vacancy decontrol. The property features a pool and clubhouse.

The property is located in an infill, residential neighborhood, about 2 miles east of Interstate 880 between Tennyson and Industrial. The property is about 25 miles southeast of San Francisco and just south of Oakland. It enjoys easy access to Interstate 880 and 580.

Map of 28606 Huntwood Avenue, Hayward, CA 94544 (Alameda County)

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Created 10/20/2004