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$ 3,750,000
Est. payment | /mo
3.73 Acres Lot
$ 3,750,000
Est. payment | /mo
3.73 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226036516
HOA Y/N No
Year Built 1961
Lot Size 3.730 Acres
Acres 3.73
Property Sub-Type Mixed Use
Source MLS Metrolist
Property Description
Turnkey investment opportunity in Auburn with strong in-place income and clear upside. Fully occupied 44-unit mobile home park with a waiting list, low vacancy risk and consistent demand. Unit mix includes 23 spaces, 10 park-owned mobile homes, 9 park-owned cabins, and 1 duplex, providing multiple income streams. Stable tenant base with long-term occupancy (many 15+ years) supports predictable cash flow. Recent upgrades to water and septic systems reduce future capital expenses. All utilities are sub-metered, helping control operating costs. Current cap rate is 7.91%. Pro forma cap rate exceeds 13% by aligning rents with market levels. Additional $600K+ value-add potential through repositioning and optimizing park-owned units. Clean, stable asset with strong yield and upside, built for long-term hold or strategic value-add execution.
Location
State CA
County Placer
Area 12301
Direction From I80, take Bell Rd exit and turn right onto Musso Rd.
Location Details Other
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Parking Features Other
Utilities Available Other
Water Access Desc Well
Roof Type Other
Building
Sewer Septic System
Water Well
Others
Senior Community No
Tax ID 053-050-025-000
Special Listing Condition None
Listed by eXp Realty of California Inc.
Nearby Locations
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Christa Proctor
Realtor® | Lic# 1935217
915 Highland Pointe Drive, #250, Roseville, CA, 95678, USA