This Multifamily Property is Off-Market.

19555 Tunnel Road
Redding, CA 96003 ·

33 Spaces · Multifamily For Sale

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Spring Branch Trailer Park

Price N/A Commission Split 3%
No. Spaces 33 Cap Rate 7.50%
Property Type Multifamily Occupancy 95%
Property Sub-type Mobile Home/RV Community Year Built 1960
Property Use Type Investment Lot Size 6 AC
Listing ID: 17737795 Date Created: 07/06/2012 Last Updated: 07/24/2012

Description

- 33 Spaces
- 95% Rented
- 6+ Acres
- 1+ Acres of Fenced Storage
- 7% Cap Rate
- Laundry Facility
- Community Area and Gazeebo
- New Storage Facility
- Major Remodeling Completed in Dec 2006
- Assumable First of $750,000 at 6.735% 10 year fixed
- All units are individually metered & billed by Park Billing Services
- City water and power
- Septic System inspected and new pump installed
- No Park Owned Units

Location Features [edit]
- 5 minutes from Shasta Lake
- Near Interstate I-5
- 10 minutes from Redding, CA

Other Special Features [edit]
- FINANCIALS
- 2009 Annual Net Income $87,958.38
- 2010 Annual Net Income $97,070.42
- 2011 Annual Net Income $96,257.72
- Can Provide Current Financials through 2012

Spring Branch Trailer Park Area Description: 5 Minutes to Shasta Lake. Redding's main industry was lumber, but this is no longer the case. Currently, Redding's two biggest industries are the medical and legal industries. Redding has two hospitals, Mercy Medical Center (Catholic Healthcare West) and Shasta Regional Medical Center, formerly Redding Medical Center. Redding has three public high schools, Shasta High School, Foothill High School, and Enterprise High School, as well as several middle schools, over a dozen elementary schools and several religious and other private schools. Redding also has four small colleges: Shasta College, a public two-year college, Simpson University, a four-year Christian college, Shasta Bible College and Graduate School, a private four-year Christian college and graduate school, and National University. Redding is also important as the largest city in the northern Sacramento Valley and the largest city on the 470-mile stretch of Interstate 5 between Sacramento, California and Eugene, Oregon. Both Redding and its neighbor to the south, Red Bluff, are popular with tourists who use the cities as bases to explore Lassen Volcanic National Park, Lake Shas

Highlights

  • All units are individually metered & billed by Park Billing Services
  • No Park Owned Units
  • Community Area and Gazeebo
  • New Storage and Laundry Facility
  • City water and power
  • 5 minutes from Shasta Lake, Off Interstate 5

Research

19555 Tunnel Road, Redding, CA 96003 (Shasta County)

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