$ 6,000,000
-
$6,000,000
Price -
0
Bed -
0
Bath -
25,000
SqFt
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About the Listing ML5014435 - ML5078496
Excellent opportunity to own this carmel river front 46 unit mobile home park(state permit allows for 4 more units) with 5 additional homes on site and 1 Fire Station. 52 total units. Potential for 56. State permit for park allows for 50 mobile homes/RV's and currently the park has 46 mobile homes/rv's. There are 4 cabins all fully rented and a vacant Bar/Tavern with plans to convert to an ADU which should rent for an additional $2700 per month. Bar/Tavern exterior in great shape. Fire station is on a long term lease and is operated by Cachagua Fire Department. The park features a gated entrance, paved asphalt roads throughout park, security cameras, laundry room with 2 new washers and 2 new dryers, vending machine room(no vending machine included), solar lighting, a 40,000 gallon water storage facility and well with brand new well pump, well motor and new backup generator, 4 storage buildings, riverfront beach, volleyball court and BBQ area. Rent is due to be increased now by the new buyer. Priced at a 7.1% Cap Rate at current rents! This is truly a remarkable investment property with plenty of value add opportunities remaining to get to an 8%+ Cap!
Listing Highlights
Status
Active
Days on Site
44
Property Type
Commercial Sale
MLS ®
ML82041267
Year Built
1958
Total Square Footage
25,000
Lot/Acreage
11.29
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central,Electric,Fireplace(s),Propane
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Well
Exterior Details
- Lot Description: Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 80
- Zoning: MDR/5
- Roof: Other
- Others:
- Sewer:
Financial Details
- Tax Amount: $60,000
- Taxes w/Assessments: N/A
- Tax/Property ID: 418261046000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
18842 Cachagua Rd Carmel Valley, CA 93924
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