1377 Arlington RdCrescent Mills, CA 95983
- Residential income properties
- 812 SF
Property Details for 1377 Arlington Rd
- Lot size
- 4.43 AC
- Property size (Sq ft)
- 812 SF
- Zone code
- S-1
- Property type
- Residential income properties
- Property subtype
- Mobile home & RV parks
- APN
- 111-190-014-000
- APU
- 111190014000
Description
This exceptional 40-unit mobile home park presents a compelling investment opportunity in Crescent Mills, California. Situated on approximately 5 acres (two parcels totaling 5.08 acres), this all-ages park boasts a strong net operating income (NOI) of $106,765, yielding an attractive 8.06% cap rate. The asking price is $1,325,000. The park features a convenient on-site laundry room and is serviced by a septic system and well water. All spaces are capable of accommodating double-wide units. The property benefits from its attractive natural setting and caters to a diverse resident base, including retirees, lodgers, and county employees, providing affordable housing in Plumas County. Importantly, there is no local rent control, offering significant potential for future income growth. Recent improvements have enhanced the park's appeal and occupancy. The property is located at 1377 Arlington Rd, Taylorsville, CA 95983. This is an ideal acquisition for investors seeking a stable, cash-flowing asset in a desirable location with significant upside potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $200,931
- 6.5%
- $185,475
- 7%
- $172,226
-
Comparable approach
- Method
- Valuation
- Relative Method
- $288,207
- Geo Method
- $288,207
-
Alternative Use
- Use
- Valuation
- Residential
- $185,475
- Hospitality
- $169,894
- Educational
- $141,350
- Medical
- $146,211
- Retail
- $219,877
Location Insight
- City
- Crescent Mills
- County
- Plumas
- State
- California
- Latitude
- 40.0832
- Longitude
- -120.896
Property Tax & Assessments
Comparable in this City
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