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251 Willow Valley Rd
Nevada City, CA 95959

$2,500,000 USD

Manufactured Housing Mobile Home Park For Sale  •  10,000 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 10,000 SF
  • Lot Size 3.4 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 6.03 %
0 Transit Score
40 Walk Score

Highlights

Unique Gold Country opportunity, located 7/10 of a mile from downtown Nevada City
High-demand/Low velocity market
Impeccably maintained and landscaped senior community
Majority of the homes in the community are desirable modular homes
Serviced by city water and sewer services
Below market rents, there is no Mobile Home Rent Control Stabilization Ordinance

Property Flyers

Financial Summary (Actual)

Net Operating Income: $150,835 USD (2023)
Cap Rate: 6.03 %
Total Expenses: $78,937 USD
Andrew Whinery 415-505-3910 Marcus & Millichap
Andrew Whinery 415-505-3910 Marcus & Millichap