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Driftwood Mobile Home Park 32303 E Trimmer Springs Rd 41 Unit Mobile Home Park $1,995,000 ($48,659/Unit) 8.57% Cap Rate Sanger, CA 93657
INVESTMENT HIGHLIGHTS
- Seller Financing Available
- Store has not been operated
- Optimizing management and marketing to capitalize during peak season
- Upside in rents, haven't been raised in 5+ years
- Lake Rentals, boats, kayaks, fishing equipment etc.
EXECUTIVE SUMMARY
Driftwood MHP is a stabilized, high-demand lakefront community on Pine Flat Lake, supported by long-term tenancy and historically strong occupancy. The property offers immediate revenue upside through the first rent increase in 5+ years and the potential to reopen the on-site store for groceries, supplies, and recreational rentals. Private well and septic systems help maintain low operating expenses.
With a proforma 8.72% cap rate, clear value-add opportunities, and seller financing available, Driftwood MHP presents an attractive acquisition of a rare waterfront asset with strong fundamentals and multiple growth drivers.
With a proforma 8.72% cap rate, clear value-add opportunities, and seller financing available, Driftwood MHP presents an attractive acquisition of a rare waterfront asset with strong fundamentals and multiple growth drivers.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$170,987
|
$341.97
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $170,987 |
| Annual Per SF | $341.97 |
PROPERTY FACTS
| Price | $1,995,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $48,659 | Building Class | B |
| Sale Type | Investment | Lot Size | 4.66 AC |
| Cap Rate | 8.57% | Building Size | 500 SF |
| No. Units | 41 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1966 |
| Price | $1,995,000 |
| Price Per Unit | $48,659 |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 4.66 AC |
| Building Size | 500 SF |
| No. Stories | 1 |
| Year Built | 1966 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Waterfront
- Lake Access
CONTACTS
-
Nolan Rockwell -
Dylan Brazil -
Dimitre Petrov -
Thomas Beniamen -
Pierce Brazil -
Commercial Real Estate Investors Inc
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Driftwood Mobile Home Park | 32303 E Trimmer Springs Rd
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