Petticoat Junction MHP

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Address: 13522 STATE HIGHWAY 36 E, Red Bluff, California, US
Created date: October 20, 2023
Date last updated: March 25, 2024

City Water
Direct Billed Electrical and Gas
C2 Zoning allows for expansion or development potential
Multi-use Property; potential for additional spaces
High Traffic Location
Updated electrical pedestals
Upside in rents

Property Description

Petticoat Junction is a beautiful 10 Mobile Home Park space with big potential. Situated on 2.22 Acres featuring 10 double-wide spaces serviced by city water, direct billed electrical and natural gas, along with a septic system. This charming Mobile Home Park has four (4) tenant-owned units, two (2) RV trailers with various updated 100 AMP pedestals. This is a streamlined value-add opportunity through the implementation of basic marketing to lease vacant spaces plus there's sufficient land to develop whatever the zoning allows such as additional MHP, RVs, hotel, Retail, Restaurants, Wine Bar, Offices, and etc. Since the property is on the corner of I5 with high traffic.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings | MHC & RV Community
Price: $485,000
No. of Units: 9
Cap Rate: 7.3%
Average Occupancy: 60.00
Year Built: 1936
Year Renovated: 2020
Building Size: 2,041 Sq ft
Lot Size: 2.22 Acres
Zoning Code: C2
Opportunity Zone: No
Price per unit: $53,889
Address: 13522 STATE HIGHWAY 36 E

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent
MH / RV 10 0.00 450.00

FINANCIAL DETAILS

Income/expense info: Actual
Gross income: 51300.00
Operating expenses: 18489.00
Net operating income: 32811.00

Additional contacts

Full name Phone number Email address
Claudia Aguilar (916)517-4899 [email protected]

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