123 W McCord Ave - Manufactured Housing/Mobile Housing FOR SALE


Bakersfield, CA 93308
$920,000 USD
310-704-9109
123 W McCord Ave, Bakersfield, CA for Sale
$920,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/19
null | 7.63% Cap Rate

123 W McCord Ave
Bakersfield, CA 93308


HIGHLIGHTS

  • Current 7.7 Cap Rate - 90% Occupancy!
  • SELLER MAY FINANCE WITH MARKET DOWN PAYMENT AND INTEREST RATE!
  • City Water. Sewer, Electricity
  • Can be Purchased with 106 McCord (20 Spaces) Across the Street @ 7.81 CAP - Both in Opportunity Zone
  • Price Includes 7 Park Owned Homes - Estimated at $105,000
  • Priced at $40,000 per Space(18) and $200,000 for Duplex (2 Units)

OVERVIEW

Four J's Trailer Park is listed for sale as part of a 2 park portfolio that includes the 22-space trailer park at 106 McCord just across the street from the subject property. The Property comprises 18 mobile home spaces and a 2-unit single-story Duplex. Listed at a 7.7 Cap Rate on 90% Occupancy, the property is in clean condition with an asphalt driveway and a tree-lined community. Located in a Federal Opportunity Zone, the property offers: City Services for Utilities 18 Mobile Home Spaces 2 Unit Duplex with Garages that fronts McCord Street 7 Park Owned Homes Laundry Room Asphalt Streets LOCATION: The property is located in the City of Bakersfield, in the City's 'Oildale area'. The location is in a Federal Opportunity Zone offering investor incentives. Oildale is northwest of downtown Bakersfield and east of Highway 99. Major retailers are located within a few blocks of the property. Included are McDonald's, Jack in the Box, Sonic, Starbucks, and other local restaurants and markets.

FOR SALE DETAILS

PRICE

$920,000 USD

PRICE/SF

$920 USD /SF

# OF UNITS

20

PRICE/UNIT

$46,000

CAP RATE

7.63%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.7 CAP on Current Occ - Seller May Finance

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

R-2

APN/PARCEL ID

114-250-10-00

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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Luis VazquezSPERRYMore Info
310-704-9109

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