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Browse More Listings in Multifamily For Sale, Santa Rosa, CA or California

Multifamily Property For Sale - In Contract

Mt. Taylor Mobile Home Park

3750 S. Santa Rosa Ave., Santa Rosa, CA 95407

Price:
$1,295,000
No. Spaces:
22
Price/Space:
$58,863.64
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.40%
Gross Rent Multiplier:
7.03
Occupancy:
100%
Lot Size:
0.69 AC
Find Out More...

Last Verified 10/13/2009 Listing ID 16098065

Description

Mt. Taylor Mobile Home Park consists of 20 park owned coaches plus a 3-bedroom 1 bath home and an attached studio unit. Good on-site manager and maintenance in place, good rent upside, & NO rent control. Property is on city sewer & well, & coaches are submetered for gas, electric & water. New smoke & CO detectors in all units. $500K assumable loan due 2036 or possible new
financing to $700K available. Park Billing Co. handles meter reading & rent billing. Coaches rent quickly, often to relatives & family of other tenants. Annual gross $184,400; NOI $108,820. 20 spaces plus 2 stick-built rentals.

Fast growing southeast area of Santa Rosa, on the east side of Santa Rosa
Avenue just above the Todd Road exit off of Hwy. 101. Park on Bucks Rd.
below the park and walk in to view. Park manager may ask for your business
card; please do not disturb the tenants.

Financial Summary

Actual
Net Operating Income
$108,810

Map of 3750 S. Santa Rosa Ave., Santa Rosa, CA 95407 (Sonoma County)

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Presented by

Coldwell Banker

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Contact Listing Broker

Jeanette Ditter (707) 535-8791

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Created 2/10/2009

Additional Information for 3750 Santa Rosa Avenue, Santa Rosa, CA 95407

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

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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 - Mt. Taylor Mobile Home Park

3750 S. Santa Rosa Ave., Santa Rosa, CA, 95407