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Gardenland Trailer Court 420 Cleveland Ave 13 Unit Mobile Home Park $900,000 ($69,231/Unit) 9.12% Cap Rate Sacramento, CA 95833
Investment Highlights
- 10 minutes to Downtown Sacramento - Easy access to I-5
- Seller Financing Available!
- All tenant-owned RVs
- City Water & Sewer
- Seller will carry $630,000 (70%) at 5.0% fixed, 30-year amortization (~$3,382/mo P&I) with a 5-year balloon
- 9.12% Current Cap / 9.19% Year 1 | ~15% Cash-on-Cash
Executive Summary
Gardenland Trailer Court presents a unique opportunity in Sacramento with Seller Financing Available! Just 10 minutes from downtown. The property features a 13-unit mix of 7 RV spaces, a four-plex, and 2 single-family homes. The asset is fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, providing stable occupancy and low operating expenses. The property is serviced by city water and sewer, offering the ability to implement a RUBS program to increase income.
Additional upside exists through below-market rents and operational improvements. The property has undergone recent capital improvements in 2019, including new roofs, paving, and interior renovations on four units. Ideally located with easy access to I-5, major retail corridors, and approximately 8 miles from Sacramento International Airport.
Additional upside exists through below-market rents and operational improvements. The property has undergone recent capital improvements in 2019, including new roofs, paving, and interior renovations on four units. Ideally located with easy access to I-5, major retail corridors, and approximately 8 miles from Sacramento International Airport.
Property Facts
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 274-0132-015 | Improvements Assessment | $339,586 |
| Land Assessment | $318,362 | Total Assessment | $657,948 |
Property Taxes
Parcel Number
274-0132-015
Land Assessment
$318,362
Improvements Assessment
$339,586
Total Assessment
$657,948
Contacts
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Dylan Brazil -
Pierce Brazil -
Thomas Beniamen -
Dimitre Petrov -
Commercial Real Estate Investors Inc
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