3520 Patterson Rd | Riverbank, CA 95367
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3520 Patterson Rd
Riverbank, CA 95367
Riverbank MHP · Multifamily Property For Sale · 3,045 SF
Investment Highlights
- Strategic Location: Located in a growing area with easy access to major transportation routes.
- Financial Appeal: Sale price $1,475,000, with 5.91% cap rate and $86,966.22 NOI.
- High Occupancy: 100% occupancy rate, ensuring stable income.
- Diverse Unit Mix: 21 mobile home sites, 2 apartments, and a house, totaling 24 units.
- Seller financing is available; 50% down payment ($737,500), 5% interest rate, 4-years interest-only
- City Services: The property is connected to city water and sewer services.
PROPERTY FACTS
| No. Units | 24 | Lot Size | 1.46 AC |
| Property Type | Multifamily | Building Size | 3,045 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1938 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.46 AC |
| Building Size | 3,045 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1938 |
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