Sutter Pines Mobile Home Park

Highlights

• Assumable Financing
• Strong historical occupancy and well maintained community
• Potential expansion for 6-12 additional spaces
• Well located community less than 1 mile from Sutter Hospital tucked away below Hwy 88
• Significant capital improvements to the well system, perimeter fence, and stick built homes
• Major employers nearby such as the hospital, casinos, and anchored retail centers

Description

*Excellent opportunity to acquire a stable, well-maintained Mobile Home Park* Expansion potential for up to 6-12 additional pad sites on top portion of property (Buyer to obtain local and HCD approval).*

Sutter Pines Mobile Home Park is nestled in the foothills of Jackson, CA near Sutter Medical Hospital, Mule Creek State Prison, Jackson Rancheria Casino & Resort, newly constructed Harrah's Casino & Resort, and Wineries.

Sutter Pines is a 95-100% leased community situated on 4.37 acres and features 19 units which are comprised of (9) Cottage/SFR dwelling units owned by Sutter Pines and (10) Mobile Home/RV Pad spaces. The water treatment system has been replaced within the past two years, a duplex has been newly built, and new electrical meters have been added so that tenants are fully responsible for utility payment. Sutter Pines has experienced upgrades that include a new well (completion in 30 +/- days), highway fence for privacy, landscaping, signage, paving and storage.

Sutter Pines is separately metered for electrical, propane is provided by a 3rd party paid by tenants through metered use, RV and Mobile Home spaces all have utility hook-ups. Water, water treatment, and sewer/septic is paid by Owner, with RUBS bill back to tenants.

Sutter Pines is ideal for an investor seeking a low maintenance property, with solid cash-flow, and a great mix of dwelling units to compliment the pad spaces.

Currently all but (2) tenants are paying the two remaining delinquent renters are in the process of being vacated.

The Park is located less than 1 mile from the Sutter Regional Hospital and in close proximity to major retail centers featuring Walmart, Safeway, Petco, Lowe's, Starbucks, Autozone, Jack N The Box, Rountable Pizza, Carls, Jr., Jamba Juice, Les Schwab, America's Tire's Discount and more.

The major employers in the Jackson region are wineries/vineyards, Jackson Rancheria Casino & Resort, and Buena Vista Casino (operated by Caesar's Entertainment and to open shortly).

The property is easily accessible from Highway 88 and is tucked underneath from the Highway.