Historical Multifamily Sale Listing - Twin Cypress MHP

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Twin Cypress MHP

16300 Orange Blossom Road, Oakdale, CA 95361

N/A

45 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
45
Property Type:
Multifamily
Property Sub-type:
Mobile Home/RV Community
Property Use Type:
Investment
Commission Split:
2.38%
Cap Rate:
8.68%
Gross Rent Multiplier:
7.41
Year Built:
1968
Lot Size:
10.49 AC
Listing ID
18360512
Last Updated
338 days ago

Highlights

  • All Age Community
  • No Rent Control
  • On-Site Management in Place
  • 15% Return Year One
  • No Park Owned Homes
  • Direct Billing for Gas, Electric, and Garbage Pickup

Description

The subject property consists of a 45-space mobile home park known as Twin Cypress Mobile Home Park and surplus land. The site is located on 10.49 net acres of land that is situated along Orange Blossom Road in Oakdale. According to a Stanislaus County Assessor' s Department site map, the Mobile Home Park, which is situated at the northern portion of the site and fronting Orange Blossom Road, occupies approximately 4.65 acres. The park also has an RV storage area, which we estimate to be roughly ±0.30 acres. The total area attributable to the mobile home park is determined to be 4.95 acres. The mobile home park is improved with 44 mobile home spaces and one RV space. The mobile home spaces are large enough to accommodate either a single or double-wide mobile home.

The site is fully equipped with the utilities and services necessary to support the mobile home park. Utilities and services to the park include on-site septic systems, an on-site well water system, private trash collection service, PG&E electricity, on-site propane gas system, and an on-site backup generator. Each space has a meter for gas usage and connections for gas, electricity, water, and sewer. Propane gas, electric, and garbage pickup are directly billed to the residents.

Map of 16300 Orange Blossom Road, Oakdale, CA 95361 (Stanislaus County)

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