Northern CA Portfolio
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Northern CA Portfolio
2 Multifamily Properties Offered at $6,995,000 in Crescent City, CA
Investment Highlights
- Cap Rate: 8%
- Instant Scale into Market
- Stong and Stable Income
- Quality Communities with Good Infrastructure
Executive Summary
MHP Brokerage is pleased to showcase the rare opportunity to acquire two manufactured home / recreational vehicle communities in Crescent City, CA totaling 143 units with 135 currently occupied. This portfolio provides a buyer with the opportunity to immediately improve value by increasing rents and filling up 8 vacant units/lots. The communities are both in quality condition and truly show pride of ownership. Northcrest MHP consists of 90 sites - 67 MH, 7 RV, 8 POH MH, 5 office, 2 SFR, and 1 storage/garage. Pinegrove consists of 53 sites – 16 MH, 35 RV, and 2 Park owned MH. Both properties are serviced by private utilities; the wells and septic systems are in great working condition.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $6,995,000 | Number of Properties | 2 |
| Price / SF | $466.33 / SF | Individually For Sale | 0 |
| Cap Rate | 8.16% | Total Building Size | 15,000 SF |
| Sale Type | Investment | Total Land Area | 3.87 AC |
| Status | Active |
| Price | $6,995,000 |
| Price / SF | $466.33 / SF |
| Cap Rate | 8.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,000 SF |
| Total Land Area | 3.87 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1950 Northcrest Dr, Crescent City, CA 95531 | Multifamily | - | 1978 | - |
| 2200 Northcrest Dr, Crescent City, CA 95531 | Multifamily | 15,000 SF | 1978 | - |
1 of 1
Learn More About Investing in Apartment Buildings
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Northern CA Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.