Edgewater Mobile Home Park 4222 Lelia Dr 29 Unit Mobile Home Park $3,046,802 CAD ($105,062 CAD/Unit) 6.02% Cap Rate Rio Vista, CA 94571

Edgewater MHP is an all-age community in Sacramento County, CA with 29 MH sites being offered for $2,200,000 ($75,862 per site). The property is located only one hour drive northeast of San Francisco (population 4+ million) and one hour drive southwest of Sacramento (population 2+ million). Edgewater MHP has expansion potential, with HCD permits for 6 additional RV lots. The price for Edgewater MHP equates to a 6.02% cap rate on current income.
Edgewater MHP is 89.7% occupied by long-term residents who own their homes. There are three vacant park owned homes for which the seller has agreed to provide a rent guarantee at $760 per month for up to six months after closing, while the new owner markets them for sale. Electric is provided by PG&E; 18 of the sites are sub-metered and billed back while the rest have direct service. There are two private wells, one of which was installed in 2019/20 alongside a state-of-the-art pumping and filtration system. Waste treatment is handled by a private septic system. The residents are not billed for water, waste, or trash.
Edgewater MHP is on Sherman Island. The area offers a quiet, natural setting with river frontage, rolling hills, and recreational uses, including windsurfing that draws visitors from across the world. Antioch, Pittsburg, Oakley, Brentwood, and Rio Vista are all within a 15-20 minute drive, providing access to employment, retail, and services. The property is centrally positioned between two of California’s primary economic hubs, and is within one hour of four international airports. This combination of a peaceful setting and regional connectivity makes Edgewater MHP’s location uniquely compelling.