106 McCord Ave - Manufactured Housing/Mobile Housing FOR SALE


Bakersfield, CA 93308
$880,000 USD
310-704-9109
106 McCord Ave, Bakersfield, CA for Sale
$880,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/15
null | 7.8% Cap Rate

106 McCord Ave
Bakersfield, CA 93308


HIGHLIGHTS

  • 7.8 Pending CAP RATE at 86% Occupancy 6.2 Current Cap Rate at 77% Occupancy
  • Potential SELLER FINANCING with a Market Down Payment and Market Interest Rate
  • City Services - Water/Sewer/Utilities
  • Price Includes Approximate $180,000 in Park Owned Homes
  • Locted in a Federal Opportunity Zone
  • Consecutive 10 Year Ownership for Potential Tax Credits

OVERVIEW

Offered as a 2 Park Portfolio with 123 McCord across the street, Kern Harbor Trailer is comprised of 22 Mobile Home Spaces and a Laundry Room situated on two parcels totaling approximately 0.54 acres. The Property offers: City Services for Water, Sewer and Utilities Asphalt Streets that are in Good Condition Laundry Room 15 Park Owned Homes included with the Sale UTILITY UPGRADES: The Seller has spent approximately $131,000 in utility infrastructure upgrades that include placing the electricity, gas, water and sewer lines all underground. The Upgrades are available in the OM. Included in the Sale are 15 Park Owned Homes Valued at Approximately $180,000

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$2,200 USD /SF

# OF UNITS

22

PRICE/UNIT

$40,000

CAP RATE

7.8%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kern Trailer Harbor

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

R2

APN/PARCEL ID

114-230-24-00,114-230-25-00-0

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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

Luis VazquezSPERRYMore Info
310-704-9109

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