5755 Old Highway 53
- Prime value-add mobile home park investment in Clearlake
- Significant upside through rent growth and operational efficiencies
- Strong demand driver for affordable housing in the local market
- Opportunity to improve occupancy and increase NOI over time
- Large potential for enhanced cash flow through strategic management
- Attractive long-term appreciation potential in a supply-constrained asset class
- Desirable layout with expansion and site-improvement possibilities
Property Description
Exceptional value-add opportunity in the heart of Clearlake. This mobile home park offers investors the rare chance to acquire a well-located asset with significant upside potential through strategic management, operational improvements, and future site optimization. Positioned in a growing rental market with strong demand for affordable housing, the property features a desirable layout, convenient access to local amenities, and long-term income growth potential.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,850,000 |
| No. of Units: | 22 |
| Average Occupancy: | 1.81 |
| Year Built: | 1900 |
| Lot Size: | 2.58 Acres |
| Opportunity Zone: | No |
| Price per unit: | $84,091 |
| Property Website | Click Here |
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