13029 Yuba Nevada Rd
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13029 Yuba Nevada Rd
7 Unit Mobile Home Park £305,156 (£43,594/Unit) 10.26% Net Initial Yield Dobbins, CA 95935
Investment Highlights
- 16 acres. Grade varies with level areas and sloped areas.
- Up-side Potential
- low maintenance investment
Executive Summary
Introducing 13029 Yuba Nevada Rd in Dobbins, CA - Artemis Meadow Mobile Home Park!
This 16-acre property holds significant potential for growth and income. Featuring 5 mobile home sites renting at $400 each per month, with 4 currently leased with tenant-owned homes. The fifth site offers a park owned double-wide home, ready for occupancy. Additional structures include a Cabin (Unit #1), a two-car garage (unit 5b), and storage space with a separate PGE meter and septic (Unit #7), Also included is a double-wide trailer, originally a classroom, still on wheels, awaiting conversion. Each residence has its own electric meter and septic system, 7 total. The property is supported by a productive well with regular water quality testing. Seller financing is available with a $250k down payment. Located in Dobbins, CA, a community with local shops, dining, farmers market, and nearby lakes for recreation. Investing in Artemis Meadow Mobile Home Park could be solid investment opportunity in the wonderful community of Dobbins, CA!
This 16-acre property holds significant potential for growth and income. Featuring 5 mobile home sites renting at $400 each per month, with 4 currently leased with tenant-owned homes. The fifth site offers a park owned double-wide home, ready for occupancy. Additional structures include a Cabin (Unit #1), a two-car garage (unit 5b), and storage space with a separate PGE meter and septic (Unit #7), Also included is a double-wide trailer, originally a classroom, still on wheels, awaiting conversion. Each residence has its own electric meter and septic system, 7 total. The property is supported by a productive well with regular water quality testing. Seller financing is available with a $250k down payment. Located in Dobbins, CA, a community with local shops, dining, farmers market, and nearby lakes for recreation. Investing in Artemis Meadow Mobile Home Park could be solid investment opportunity in the wonderful community of Dobbins, CA!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£36,713
|
£3.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£36,713
|
£3.67
|
| Taxes |
£2,720
|
£0.27
|
| Operating Expenses |
£2,504
|
£0.25
|
| Total Expenses |
£5,224
|
£0.52
|
| Net Operating Income |
£31,489
|
£3.15
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £36,713 |
| Annual Per SF | £3.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £36,713 |
| Annual Per SF | £3.67 |
| Taxes | |
|---|---|
| Annual | £2,720 |
| Annual Per SF | £0.27 |
| Operating Expenses | |
|---|---|
| Annual | £2,504 |
| Annual Per SF | £0.25 |
| Total Expenses | |
|---|---|
| Annual | £5,224 |
| Annual Per SF | £0.52 |
| Net Operating Income | |
|---|---|
| Annual | £31,489 |
| Annual Per SF | £3.15 |
Property Facts
| Price | £305,156 | Lot Size | 16.12 AC |
| Price Per Unit | £43,594 | Building Size | 10,000 SF |
| Sale Type | Investment | Average Occupancy | 83% |
| Net Initial Yield | 10.26% | Number of Floors | 1 |
| No. Units | 7 | Year Built | 1971 |
| Property Type | Residential | Parking Ratio | 0.2/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | £305,156 |
| Price Per Unit | £43,594 |
| Sale Type | Investment |
| Net Initial Yield | 10.26% |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 16.12 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 83% |
| Number of Floors | 1 |
| Year Built | 1971 |
| Parking Ratio | 0.2/1,000 SF |
Site Amenities
- Fenced Lot
zoning
| Zoning Code | A/RR (Mobile home Park) |
| A/RR (Mobile home Park) |
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13029 Yuba Nevada Rd
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