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

Multifamily Property For Sale

Stillman Mobile Home & RV Park

3880 Stillman Park Circle, Sacramento, CA 95824

Price:
$3,299,000
No. Spaces:
80
Price/Space:
$41,237.50
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
7.60%
Occupancy:
99%
Lot Size:
4.77 AC
Find Out More...

Last Verified 10/31/2009 Listing ID 16111111

Description

Gated 80-space Mobile Home & RV community. Pool, clubhouse, laundry, showers, office. Nicely landscaped, very clean, & well-run. 22 MH spaces & 58 RV spaces. 99% occupancy. Stays full with waiting list. 7.6% CAP RATE & 8.9% CASH-ON-CASH RETURN are based on ACTUAL 2008 NUMBERS (see attached Income & Expense Statement). No fluff. Not a proforma. It's making money now! $2.2M assumable private loan at 7% interest-only. Excellent manager in place & he wants to stay. Please don't disturb manager or tenants. Call lister to show or see.

4.77 acres on 2 parcels. Right off Highway 99 & 47th Avenue exit. South Sacramento location, excellent freeway access.

Financial Summary

Debt & Equity Information

Actual
Year
2008
Scheduled Gross Income
$451,903
Effective Gross Income
$451,903
Operating Expenses
$199,678
Net Operating Income
$252,224

Map of 3880 Stillman Park Circle, Sacramento, CA 95824 (Sacramento County)

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Contact Listing Broker

Robert Merchant (209) 996-4075

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Created 2/19/2009

Additional Information for 3880 Stillman Park Circle, Sacramento, CA 95824

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
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.

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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 - Stillman Mobile Home & RV Park

3880 Stillman Park Circle, Sacramento, CA, 95824