Pending

Railroad Flat Road

Rail Road Flat, CA 95245

$550,000 $2,318/Mo

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Description

Exceptional opportunity to acquire a 26-space mobile home park offered at $550,000, equating to approximately $21,150 per space, well below typical market pricing and positioned for a quick sale due to seller health circumstances. The property currently has rents ranging from $500 to $600 per month and presents a value-add opportunity, as current operations are not yet optimized and the asset is not presently producing positive cash flow. This creates significant upside for an investor to improve management, fill spaces with RV or Mobile/Manufactured Homes, and enhance overall performance. Once stabilized, the property has the potential to deliver a projected cap rate exceeding 15%, making it an attractive repositioning opportunity in the resilient affordable housing sector. In addition, o wnership offers valuable depreciation tax benefits, which may help offset taxable income and improve overall returns (buyers to verify with their tax advisor). Offering private financing with $170,000 down, providing a flexible acquisition structure and reducing reliance on traditional lending. This is a rare chance to acquire a below-market asset with substantial upside and long-term growth potential.

Property Details

Property Type : Residential Income

Price : $550,000

AD Id : 76910779

MLS Id : 226042890

Living Area Size : 264

Year Built : 1960

County : Calaveras

Map

Features

Water/Sewer

Sewer: Private Sewer
Flooring Information

Other
Interior Features

Laundry Features: Coin Operated, In Common Area
Heating & Cooling

Heating: Other Cooling: Other WaterSource: Private

Building Information

Year Built: 1960 Stories: 1 Construction Materials: Other Foundation Details: Other
Exterior Features

Foundation Details: Other
Laundry Features

Coin Operated, In Common Area

Lot Information

Lot Description: Other Lot Square Feet: 322,780 Main Square Feet: 264

Property Information

Property Type: Residential Income Sub Type: Other SQ ft (Living Area): 264 Construction Materials: Other Property Age: 66 Cross Street: Ridge Rd Source Neighborhood: 22029 Postal Code Plus 4: 9633 Area: Rail Road Flat S: 95245 Zoning: MHP Living Area Source: Assessor Auto-Fill Structure Type: House(s)

Farm Info

Irrigation Source: Irrigation Connected

Listing Price Information

Listing Id: 226042890 List Price: $550,000 List Price Tot SqFt: $2,083

Tax Information

Parcel Number: 014-014-088-000

Parking Information

Parking Total: 56 Other

Elementary School District: Calaveras Unified

Junior High School District: Calaveras Unified

Senior High School District: Calaveras Unified
Utility Information

Sewer Connected, City, Electric, Internet Available, Propane Electric: 220 Volts
Location Information

Direction: From Mokelune Hill, take hwy 26 east, turn right on Ridge Rd, turn right on Railroad Flat Rd., property is on left.

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