10530 Walker Dr - Manufactured Housing/Mobile Housing FOR SALE


Grass Valley, CA 95945
$3,250,000 USD
909-945-8888
10530 Walker Dr, Grass Valley, CA for Sale
$3,250,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/5
null | 5.21% Cap Rate

10530 Walker Dr
Grass Valley, CA 95945


OVERVIEW

Introducing THE PINES SENIOR MOBILE HOME PARK located at 10530 Walker Dr, Grass Valley, CA, a lucrative investment opportunity in the heart of Grass Valley. This 2.13-acre property is a 55+ community comprising 28 fully occupied spaces, offering stable income potential in a prime rental market. With excellent proximity to the Empire Mine State Park and convenient access to major freeways and transit routes, this park presents an attractive investment offering. Boasting effective management and various utilities covered by tenants, THE PINES SENIOR MOBILE HOME PARK provides a reliable income stream with 21 mobile home spaces and 7 single family homes, all currently occupied. For investors looking for a turnkey opportunity with strong returns and rental upside, this property's 5.21% capitalization rate, seller financing options, and 12.18 gross rent multiplier make it a compelling choice. Don't miss the chance to own a thriving mobile home park in a sought-after location!

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$26 USD /SF

# OF UNITS

28

PRICE/UNIT

$116,071

CAP RATE

5.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pines Senior Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

R1-1.5

APN/PARCEL ID

007-270-031-000,007-270-032-000

ASK ABOUT THIS PROPERTY

Victor MartinezVictor Martinez And AssociatesMore Info
909-945-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Victor MartinezVictor Martinez And AssociatesMore Info
909-945-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.