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13029 Yuba Nevada Rd

7 Unit Mobile Home Park $554,580 CAD ($79,226 CAD/Unit) 10.26% Cap Rate Dobbins, CA 95935

Investment Highlights

  • 16 acres. Grade varies with level areas and sloped areas.
  • Up-side Potential
  • low maintenance investment

Executive Summary

Introducing 13029 Yuba Nevada Rd in Dobbins, CA - Artemis Meadow Mobile Home Park!
This 16-acre property holds significant potential for growth and income. Featuring 5 mobile home sites renting at $400 each per month, with 4 currently leased with tenant-owned homes. The fifth site offers a park owned double-wide home, ready for occupancy. Additional structures include a Cabin (Unit #1), a two-car garage (unit 5b), and storage space with a separate PGE meter and septic (Unit #7), Also included is a double-wide trailer, originally a classroom, still on wheels, awaiting conversion. Each residence has its own electric meter and septic system, 7 total. The property is supported by a productive well with regular water quality testing. Seller financing is available with a $250k down payment. Located in Dobbins, CA, a community with local shops, dining, farmers market, and nearby lakes for recreation. Investing in Artemis Meadow Mobile Home Park could be solid investment opportunity in the wonderful community of Dobbins, CA!

Data Room Click Here to Access

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $66,720 $6.67
Other Income - -
Vacancy Loss - -
Effective Gross Income $66,720 $6.67
Taxes $4,943 $0.49
Operating Expenses $4,550 $0.46
Total Expenses $9,493 $0.95
Net Operating Income $57,227 $5.72

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $66,720
Annual Per SF $6.67
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $66,720
Annual Per SF $6.67
Taxes (CAD)
Annual $4,943
Annual Per SF $0.49
Operating Expenses (CAD)
Annual $4,550
Annual Per SF $0.46
Total Expenses (CAD)
Annual $9,493
Annual Per SF $0.95
Net Operating Income (CAD)
Annual $57,227
Annual Per SF $5.72

Property Facts

Price $554,580 CAD
Price Per Unit $79,226 CAD
Sale Type Investment
Cap Rate 10.26%
No. Units 7
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Lot Size 16.12 AC
Building Size 10,000 SF
Average Occupancy 83%
No. Stories 1
Year Built 1971
Parking Ratio 0.2/1,000 SF

Site Amenities

  • Fenced Lot

zoning

Zoning Code A/RR (Mobile home Park)
A/RR (Mobile home Park)
  • Listing ID: 31115250

  • Date on Market: 2024-03-04

  • Last Updated:

  • Address: 13029 Yuba Nevada Rd, Dobbins, CA 95935

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