Pines Senior Park | 10530 Walker Dr
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Pines Senior Park 10530 Walker Dr
28 Unit Mobile Home Park $3,250,000 ($116,071/Unit) 5.21% Cap Rate Grass Valley, CA 95945
EXECUTIVE SUMMARY
Introducing THE PINES SENIOR MOBILE HOME PARK located at 10530 Walker Dr, Grass Valley, CA, a lucrative investment opportunity in the heart of Grass Valley. This 2.13-acre property is a 55+ community comprising 28 fully occupied spaces, offering stable income potential in a prime rental market. With excellent proximity to the Empire Mine State Park and convenient access to major freeways and transit routes, this park presents an attractive investment offering. Boasting effective management and various utilities covered by tenants,
THE PINES SENIOR MOBILE HOME PARK provides a reliable income stream with 21 mobile home spaces and 7 single family homes, all currently occupied. For investors looking for a turnkey opportunity with strong returns and rental upside, this property's 5.21% capitalization rate, seller financing options, and 12.18 gross rent multiplier make it a compelling choice. Don't miss the chance to own a thriving mobile home park in a sought-after location!
THE PINES SENIOR MOBILE HOME PARK provides a reliable income stream with 21 mobile home spaces and 7 single family homes, all currently occupied. For investors looking for a turnkey opportunity with strong returns and rental upside, this property's 5.21% capitalization rate, seller financing options, and 12.18 gross rent multiplier make it a compelling choice. Don't miss the chance to own a thriving mobile home park in a sought-after location!
PROPERTY FACTS
| Price | $3,250,000 | Building Class | C |
| Price Per Unit | $116,071 | Lot Size | 2.13 AC |
| Sale Type | Investment | Building Size | 124,581 SF |
| Cap Rate | 5.21% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $3,250,000 |
| Price Per Unit | $116,071 |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.13 AC |
| Building Size | 124,581 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
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ZONING
| Zoning Code | R1-1.5 (Mobile Home Park) |
| R1-1.5 (Mobile Home Park) |
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Pines Senior Park | 10530 Walker Dr
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