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Browse More Listings in Multifamily For Sale, Marysville, CA or California

Multifamily Property For Sale

Garden Ave. Mobile Home Park

5848 Garden Ave., Marysville, CA 95901

Price:
$995,000
No. Spaces:
20
Price/Space:
$49,750
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Year Built:
1950
Lot Size:
5.33 AC
Tax ID / APN #:
020-520-001
Find Out More...

Last Verified 10/26/2009 Listing ID 15178014

Highlights

Unique development opportunity.
Add mobile homes or build Single-family homes.

Enjoy the current cash flow!

Description

UNIQUE DEVELOPMENT OPPORTUNITY: You can enjoy the cash flow from existing rents while you develop/improve the property. Currently there are 20 mobile homes spaces - 17 mobile homes are owned by the Seller and are included in the sale price. They sit on just a small protion of the 5.33 acre parcel. At one time, there were 47 mobile homes. Due to proximity of County Airport, County rezoned parcel to R-01 (hoping to see 21 single-family homes on 10,000sf lots). Seller has asked the County to allow an additional 27 mobile home sites based on original use. This appears feasible. So, we have an interesting puzzle - build out single family homes or expand the Mobile Home Park? Either way, this puzzle has big rewards no matter which way the pieces are put together.

Located just a couple of miles south of Downtown Marysville, one block west of Hwy 70, at the Feather River Blvd. exit. Only about 30% of the acerage has been developed. There is a chain link fence in front of the vacant portion of the parcel that fronts Garden Ave.

Financial Summary

Actual
Scheduled Gross Income
$122,000

Map of 5848 Garden Ave., Marysville, CA 95901 (Yuba County)

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Created 6/11/2007

Additional Information for 5848 Garden Avenue, Marysville, CA 95901

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Garden Ave. Mobile Home Park

5848 Garden Ave., Marysville, CA, 95901