Kern Trailer Harbor | 106 McCord Ave
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Kern Trailer Harbor 106 McCord Ave
22 Unit Mobile Home Park $880,000 ($40,000/Unit) 7.80% Cap Rate Bakersfield, CA 93308
Investment Highlights
- 7.8 Pending CAP RATE at 86% Occupancy 6.2 Current Cap Rate at 77% Occupancy
- City Services - Water/Sewer/Utilities
- Locted in a Federal Opportunity Zone
- Potential SELLER FINANCING with a Market Down Payment and Market Interest Rate
- Price Includes Approximate $180,000 in Park Owned Homes
- Consecutive 10 Year Ownership for Potential Tax Credits
Executive Summary
Offered as a 2 Park Portfolio with 123 McCord across the street, Kern Harbor Trailer is comprised of 22 Mobile Home Spaces and a Laundry Room situated on two parcels totaling approximately 0.54 acres. The Property offers:
City Services for Water, Sewer and Utilities
Asphalt Streets that are in Good Condition
Laundry Room
15 Park Owned Homes included with the Sale
UTILITY UPGRADES:
The Seller has spent approximately $131,000 in utility infrastructure upgrades that include placing the electricity, gas, water and sewer lines all underground. The Upgrades are available in the OM.
Included in the Sale are 15 Park Owned Homes Valued at Approximately $180,000
City Services for Water, Sewer and Utilities
Asphalt Streets that are in Good Condition
Laundry Room
15 Park Owned Homes included with the Sale
UTILITY UPGRADES:
The Seller has spent approximately $131,000 in utility infrastructure upgrades that include placing the electricity, gas, water and sewer lines all underground. The Upgrades are available in the OM.
Included in the Sale are 15 Park Owned Homes Valued at Approximately $180,000
Property Facts
| Price | $880,000 | Building Class | C |
| Price Per Unit | $40,000 | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 400 SF |
| Cap Rate | 7.80% | Average Occupancy | 85% |
| No. Units | 22 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Price | $880,000 |
| Price Per Unit | $40,000 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 400 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $16,819 | |
| Land Assessment | $189,879 | Total Assessment | $206,698 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$189,879
Improvements Assessment
$16,819
Total Assessment
$206,698
zoning
| Zoning Code | R2 |
| R2 |
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Kern Trailer Harbor | 106 McCord Ave
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