For Sale
$4,500,000

1750 Lee RdQuincy, CA 95971

61 Units, 6.8% Cap Rate, CA

Overview

Added:
Dec 11, 2024
Days on market:
114
Shady Pines Mobile Home Park presents a compelling investment opportunity in Quincy, California. This established 61-unit mobile home park boasts a strong 6.80% capitalization rate, generating a substantial Net Operating Income (NOI) of $308,124. The property is conveniently located at 1750 Lee Rd, Quincy, CA 95971 (39.9363458, -120.9079053) within Plumas County. The park is well-maintained and enjoys a reputation as a four-star family community. Residents benefit from the convenience of city water and sewer services, along with direct gas and electric connections. The asking price for this turnkey investment is $4,500,000. This represents a significant opportunity for investors seeking a stable, high-yielding asset in a desirable location. The park's strong occupancy and established infrastructure contribute to its consistent profitability and potential for future growth. The property's location in Quincy, California offers a blend of rural charm and accessibility, making it an attractive destination for residents. This is a rare opportunity to acquire a well-established mobile home park with a proven track record of success. The financial performance data clearly demonstrates the potential for strong returns on investment. Serious inquiries are encouraged.

Highlights

  • $4,500,000 asking price.
  • 61-unit mobile home park.
  • 6.80% cap rate.
  • $308,124 Net Operating Income (NOI).
  • Located at 1750 Lee Rd, Quincy, CA 95971.
  • City water and sewer, direct gas and electric.

Property Details for 1750 Lee Rd

Property type
Mobile home & RV parks
Units
61

Location Insight

City
Quincy
County
Plumas
State
California
Latitude
39.9363458
Longitude
-120.9079053
1750 Lee Rd, Quincy, California

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1750 Lee Rd
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