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333 Crescent St 31 Unit Mobile Home Park $1,299,000 ($41,903/Unit) 7.48% Cap Rate Quincy, CA 95971



INVESTMENT HIGHLIGHTS
- Tremendous upside
EXECUTIVE SUMMARY
Fantastic investment opportunity! The Claremont Trailer Village is located in the beautiful mountain town of Quincy California. Comprised of 26 permanent manufactured home spaces as well as 4 RV spaces and an additional studio apartment unit. This park has been a part of the Quincy community for years and fills a very important role in the need for affordable housing in the area. The desirable location puts it within close proximity to the Quincy Airport, Feather River College and Plumas District Hospital as well the local Elementary, Middle and High School. The property is connected to city water and sewer, making maintenance costs very affordable and the onsite laundry facilities help keep the homeowners content, while adding to the overall bottom line… In addition to all of the benefits offered by the park itself, owner financing is available at very reasonable terms, helping to ensure tremendous positive cash flow from day one.
PROPERTY FACTS
| Price | $1,299,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $41,903 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.80 AC |
| Cap Rate | 7.48% | Building Size | 1,000 SF |
| Gross Rent Multiplier | 9 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | M-R | ||
| Price | $1,299,000 |
| Price Per Unit | $41,903 |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| Gross Rent Multiplier | 9 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.80 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | M-R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 31 | - | - |
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