5865 Old Highway 53
- Ability to increase revenues through operational improvements
- Growing demand for affordable housing supports long-term occupancy
- Opportunity to improve tenant experience and property appearance
- Potential to increase NOI through strategic management initiatives
Property Description
Located in the scenic community of Clearlake, this mobile home park presents a compelling investment opportunity with substantial value-add potential and long-term upside. The property offers investors the ability to capitalize on the continued demand for affordable housing while implementing improvements that can drive increased revenue and overall asset performance.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,550,000 |
| No. of Units: | 60 |
| Average Occupancy: | -2.67 |
| Year Built: | 1951 |
| Lot Size: | 3.69 Acres |
| Opportunity Zone: | No |
| Price per unit: | $25,833 |
| Property Website | Click Here |
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