The 16 acre Artemis Meadow Mobile Home Park is a great Value with lots of upside potential! Park features 5 mobile home sites. Each site rents for $400 per month. 4 sites are currently rented with tenant owned homes. Unit 5 features a double wide park owned home. Other buildings include a site build home(unit#1), a 2 car garage and a cafeteria/commercial kitchen space(unit#7) that is currently being used as storage. Property comes with a double wide trailer (still on wheels) that was once a classroom. This home is 2x4-2x6 construction and is built strong, needs to be converted to a home and installed. Buyer to verify. Each home has its own electric meter and septic system. The park is supported by a strong well with regular potability testing. Units 5b and 7 need renovation. This is truly a diamond in the ruff. Currently at 7.3 % CAP rate. Well above the average, with the potential to easily double your yearly income. Seller willing to carry with $250k down, for 3 years, at 7%. On 16 acres, you have plenty of space to build your dream home separate from the park and with privacy. Live and work in beautiful Dobbins California. Dobbins is a tight niche community with local shops, dining, farmers market and lakes for recreation.
Property Type :
Residential
County :
Yuba
Style :
Residential
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ByOwner last updated this listing 05/07/2024 @ 21:42
MLS: 223118068
LISTED BY: Christopher Dobbins, RE/MAX Gold
SOURCE: MLS Metrolist
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
