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$ 550,000
Est. payment /mo
Pending
245 Railroad Flat RD Rail Road Flat, CA 95245
49,299.44 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 226042912
HOA Y/N No
Year Built 1960
Lot Size 49299.441 Acres
Acres 7.41
Property Sub-Type Mixed Use
Source MLS Metrolist
Property Description
Exceptional opportunity to acquire a 26-space mobile home park offered at $550,000, equating to approximately $21,150 per space, well below typical market pricing and positioned for a quick sale due to seller health circumstances. The property currently has rents ranging from $500 to $600 per month and presents a value-add opportunity, as current operations are not yet optimized and the asset is not presently producing positive cash flow. This creates significant upside for an investor to improve management, fill spaces with RV or Mobile/Manufactured Homes, and enhance overall performance. Once stabilized, the property has the potential to deliver a projected cap rate exceeding 15%, making it an attractive repositioning opportunity in the resilient affordable housing sector. In addition, ownership offers valuable depreciation tax benefits, which may help offset taxable income and improve overall returns (buyers to verify with their tax advisor). Offering private financing with $170,000 down, providing a flexible acquisition structure and reducing reliance on traditional lending. This is a rare chance to acquire a below-market asset with substantial upside and long-term growth potential.
Location
State CA
County Calaveras
Area 22029
Direction From Mokelune Hill, take hwy 26 east, turn right on Ridge Rd, turn right on Railroad Flat Rd., property is on left.
Location Details Other
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Parking Features Private
Utilities Available Telephone, Internet Available, Propane
Water Access Desc Private
Roof Type Other
Topography Lot Sloped
Building
Sewer Septic System
Water Private
Others
Senior Community No
Tax ID 014-014-088-000
Special Listing Condition None
Listed by eXp Realty of California, Inc.