MANTON TRAILER PARK

For Sale

31300 Manton Road, Manton, CA 96059

This Manton property for sale is located at 31300 Manton Road. The current listed sale price for MANTON TRAILER PARK is $385,000. MANTON TRAILER PARK is situated on a lot that is 1.9 acre in size.

Contacts

broker

Adrian Del Rio

PCG Commercial

(916) 303-0133

Property Details

  • Property Type Multi-Family
  • Property Size 82,764 SF
  • Units 14
  • Lot Size 1.9 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1973
  • Year Renovated 2021
  • Date Updated Apr 1, 2024
31300 Manton Road is located in Manton, a small town in Tehama County, California. Manton is known for its vineyards, wineries, and apple orchards. The property is close to some natural attractions, such as the Battle Creek Wildlife Area, the Ishi Wilderness, and the Lassen Volcanic National Park. It is also reasonable driving distance to large cities, such as Redding, Red Bluff, and Chico. The nearest airport is the Redding Municipal Airport,This is an incredible opportunity to acquire an investment property which exceeds the coveted "1% Rule" (1.3% Actual) on in - place ACTUAL reported income. The subject property is comprised of (4) Park-Owned Homes with the remainder being Tenant owned. Two spaces were recently rented along with a rent bump has increased the cap rate to +9%! Manton Trailer Park is a well maintained 14 space Mobile Home Park situated on 1.90 Acres comprised of (13) Single-Wide spaces, (1) Double-Wide, plus an onsite laundry facility with bathrooms. The park is serviced through a private monitored well system plus two (septic tanks) with recently installed leach lines. Five (5) of the spaces are sub-metered PG&E so the tenants reimburse the ownership for their electrical use, whereas the remaining (9) spaces pay direct billed to PG&E. Each tenant is responsible for obtaining their own propane gas. The ownership has made the following capital improvements: - New filtration and chlorination system. - New casing for the well. - (2) new leach lines for the septic system. One (1) double-wide space; 1 is a newer 1200 sq ft 3 bed, 2 bath modular. It also includes a newer 800 sq ft shop with 1 bathroom. This represents a streamlined light value-add opportunity through the implementation of basic marketing to lease vacant spaces with already existing income.

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Highlights

  • 9% Cap Rate on Actuals!
  • High cap rate based on in-place actual income
  • Upside in leasing vacant spaces
  • Low space rents with room to increase
  • Upgraded water filtration system and septic leach lines
  • Low maintenance property

Getting around

  • 10/100

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  • 30/100

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Location

  • City Manton, CA
  • Neighborhood Manton
  • Zip Code 96059

Points of Interest

  • 76

    4.03 miles

  • Chevron

    4.05 miles

  • Shingletown Park And Ride

    4.07 miles

  • Black Butte Road Park And Ride

    7.91 miles

  • Grace Lake Resort Lassen Lodging

    4.11 miles

  • Reeds

    4.05 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Adrian Del Rio

PCG Commercial

(916) 303-0133