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7.7 CAP on Current Occ - Seller May Finance 123 W McCord Ave

20 Unit Mobile Home Park $920,000 ($46,000/Unit) 7.63% Cap Rate Bakersfield, CA 93308

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Investment Highlights

Current 7.7 Cap Rate - 90% Occupancy!
City Water. Sewer, Electricity
Price Includes 7 Park Owned Homes - Estimated at $105,000

SELLER MAY FINANCE WITH MARKET DOWN PAYMENT AND INTEREST RATE!
Can be Purchased with 106 McCord (20 Spaces) Across the Street @ 7.81 CAP - Both in Opportunity Zone
Priced at $40,000 per Space(18) and $200,000 for Duplex (2 Units)

Executive Summary

Four J's Trailer Park is listed for sale as part of a 2 park portfolio that includes the 22-space trailer park at 106 McCord just across the street from the subject property. The Property comprises 18 mobile home spaces and a 2-unit single-story Duplex.
Listed at a 7.7 Cap Rate on 90% Occupancy, the property is in clean condition with an asphalt driveway and a tree-lined community. Located in a Federal Opportunity Zone, the property offers:
City Services for Utilities
18 Mobile Home Spaces
2 Unit Duplex with Garages that fronts McCord Street
7 Park Owned Homes
Laundry Room
Asphalt Streets
LOCATION:
The property is located in the City of Bakersfield, in the City's 'Oildale area'. The location is in a Federal Opportunity Zone offering investor incentives. Oildale is northwest of downtown Bakersfield and east of Highway 99. Major retailers are located within a few blocks of the property. Included are McDonald's, Jack in the Box, Sonic, Starbucks, and other local restaurants and markets.

123 McCord - Advertisement - November 2024 (1)

Property Facts

Price	$920,000	Building Class	C
Price Per Unit	$46,000	Lot Size	0.75 AC
Sale Type	Investment	Building Size	1,000 SF
Cap Rate	7.63%	Average Occupancy	85%
No. Units	20	No. Stories	1
Property Type	Multifamily	Year Built	1950
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden

Price	$920,000
Price Per Unit	$46,000
Sale Type	Investment
Cap Rate	7.63%
No. Units	20
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments
Apartment Style	Garden
Building Class	C
Lot Size	0.75 AC
Building Size	1,000 SF
Average Occupancy	85%
No. Stories	1
Year Built	1950
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.