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333 Crescent St 31 Unit Mobile Home Park $1,783,501 CAD ($57,532 CAD/Unit) 7.48% Cap Rate Quincy, CA 95971
Investment Highlights
- Tremendous upside
Executive Summary
Fantastic investment opportunity! The Claremont Trailer Village is located in the beautiful mountain town of Quincy California. Comprised of 26 permanent manufactured home spaces as well as 4 RV spaces and an additional studio apartment unit. This park has been a part of the Quincy community for years and fills a very important role in the need for affordable housing in the area. The desirable location puts it within close proximity to the Quincy Airport, Feather River College and Plumas District Hospital as well the local Elementary, Middle and High School. The property is connected to city water and sewer, making maintenance costs very affordable and the onsite laundry facilities help keep the homeowners content, while adding to the overall bottom line… In addition to all of the benefits offered by the park itself, owner financing is available at very reasonable terms, helping to ensure tremendous positive cash flow from day one.
Property Facts
| Price | $1,783,501 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $57,532 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 4.80 AC |
| Cap Rate | 7.48% | Building Size | 1,000 SF |
| Gross Rent Multiplier | 9 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | M-R | ||
| Price | $1,783,501 CAD |
| Price Per Unit | $57,532 CAD |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| Gross Rent Multiplier | 9 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.80 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | M-R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 31 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 115-180-001-000 | Improvements Assessment | $243,719 CAD |
| Land Assessment | $526,288 CAD | Total Assessment | $770,007 CAD |
Property Taxes
Parcel Number
115-180-001-000
Land Assessment
$526,288 CAD
Improvements Assessment
$243,719 CAD
Total Assessment
$770,007 CAD
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