3520 Patterson Rd - Manufactured Housing/Mobile Housing FOR SALE


Riverbank, CA 95367
$1,475,000 USD
209-840-3460
3520 Patterson Rd, Riverbank, CA for Sale
$1,475,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/36
null | 5.9% Cap Rate

3520 Patterson Rd
Riverbank, CA 95367


HIGHLIGHTS

  • Strategic Location: Located in a growing area with easy access to major transportation routes.
  • Diverse Unit Mix: 21 mobile home sites, 2 apartments, and a house, totaling 24 units.
  • Financial Appeal: Sale price $1,475,000, with 5.91% cap rate and $86,966.22 NOI.
  • Seller financing is available; 50% down payment ($737,500), 5% interest rate, 4-years interest-only
  • High Occupancy: 100% occupancy rate, ensuring stable income.
  • City Services: The property is connected to city water and sewer services.

OVERVIEW

CRI is pleased to present the opportunity to acquire Riverbank MHP, a 24-unit mobile home park located at 3520 Patterson Rd, Riverbank, CA, in the heart of Stanislaus County. Riverbank MHP consists of 21 mobile home sites, a duplex, and a house, for a total of 24 units. The park is serviced by city utilities and is currently slated for the utility conversion program (buyers to verify). Riverbank MHP is situated near major developments such as the Crossroads Shopping Center and the new Riverwalk housing development. Major retailers in the area include Target and Home Depot. The park offers convenient access to key transportation routes, including Highway 108 and Interstate 5, making it an ideal location for residents.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$484 USD /SF

# OF UNITS

24

PRICE/UNIT

$61,458

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverbank MHP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

-

APN/PARCEL ID

132-41-18

ASK ABOUT THIS PROPERTY

Dylan BrazilCommercial Real Estate Investors IncMore Info
209-840-3460

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Dylan BrazilCommercial Real Estate Investors IncMore Info
209-840-3460

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