Active
MHP/MHC
Crescent City, CA, USA
$7,300,000
Northern CA Portfolio
Property Description
MHP Brokerage is pleased to showcase the rare opportunity to acquire two manufactured home / recreational vehicle communities in Crescent City, CA totaling 145 pads. This portfolio provides a buyer with the opportunity to immediately improve value by increasing rents and filling up 15 vacant sites. The communities are both in quality condition and truly show pride of ownership. Northcrest MHP consists of 92 sites - 68 MH, 8 RV, 10 POH MH, 5 office, 1 storage/garage. Pinegrove consists of 53 sites – 16 MH, 35 RV, 2 Park owned MH. Both properties are serviced by private utilities; however, both communities are in the process of hooking up to City Water.
Investment Highlights
Cap Rate: 8%
Strong and Stable Income
Instant Scale into the Market
Quality Communities with Good Infrastructure
Listed By
Joel Sachs
Senior Investment Advisor
(602) 830-0952
(505) 379-2792
Sammy Deeb
Managing Broker
(702) 686-1952
(305) 396-8545