Northern CA Portfolio
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Northern CA Portfolio
2 Residential Properties Offered at £5,473,238 in Crescent City, CA
Investment Highlights
- Cap Rate: 8%
- Instant Scale into Market
- Stong and Stable Income
- Quality Communities with Good Infrastructure
Executive Summary
MHP Brokerage is pleased to showcase the rare opportunity to acquire two manufactured home / recreational vehicle communities in Crescent City, CA totaling 143 units with 135 currently occupied. This portfolio provides a buyer with the opportunity to immediately improve value by increasing rents and filling up 8 vacant units/lots. The communities are both in quality condition and truly show pride of ownership. Northcrest MHP consists of 90 sites - 67 MH, 7 RV, 8 POH MH, 5 office, 2 SFR, and 1 storage/garage. Pinegrove consists of 53 sites – 16 MH, 35 RV, and 2 Park owned MH. Both properties are serviced by private utilities; the wells and septic systems are in great working condition.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £5,473,238 | Number of Properties | 2 |
| Price / SF | £364.88 / SF | Individually For Sale | 0 |
| Net Initial Yield | 8.16% | Total Building Size | 15,000 SF |
| Sale Type | Investment | Total Land Area | 3.87 AC |
| Status | Active |
| Price | £5,473,238 |
| Price / SF | £364.88 / SF |
| Net Initial Yield | 8.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,000 SF |
| Total Land Area | 3.87 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1950 Northcrest Dr, Crescent City, CA 95531 | Residential | - | 1978 | - |
| 2200 Northcrest Dr, Crescent City, CA 95531 | Residential | 15,000 SF | 1978 | - |
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Northern CA Portfolio
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