123 Mccord Ave, Bakersfield, CA 93308
20 Unit Mobile Home Park | $920,000 ($46,000/Unit) | 7.63% Cap Rate | Bakersfield, CA 93308
For Sale
Active
Asking Price $920,000
- Property Type
-
Multifamily
- Square Feet
- 1,000 SF
Listing Contacts
Luis Vazquez
Property 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 7.63 Pending Cap Rate on 80% 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
5 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.
Listed at a 7.63 Pending Cap Rate on 80% 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
5 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.
Property Details
- Class
- C
- Year Built
- 1950
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 32,670 SF
- Units
- 20
Highlights
- Opportunity Zone
- Priced at Current 80% Occupancy and Pending 7.63 Cap Rate
- City Water. Sewer, Electricitiy
- Can be Purchased with 106 McCord (20 Spaces) at 8.17 CAP on 85% Occupancy
- Seller May Finance with Market Down Payment and Market Interest Rate
- Priced at $40,000 per Space(18) and $200,000 for Duplex (2 Units)
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