Gardenland Trailer Court

420 Cleveland Ave, Sacramento, CA 95833
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$1,150,000
$1,150,000
Gardenland Trailer Court , 420 Cleveland Ave, Sacramento, CA 95833
View Offering Memorandum

About the property

CRI Brokerage is pleased to present Gardenland Trailer Court a unique value-add opportunity in Sacramento, just 10 minutes to downtown, featuring a 13-unit mix of 7 RV’s a fourplex of studios, and 2 single-family homes. The property is a fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, offering stable occupancy and low operating expenses.

Ideally located just 10 minutes from Downtown Sacramento, with easy access to I-5, major retailers, and approximately 8 miles to Sacramento International Airport.

The property benefits from city water and sewer, creating an opportunity to implement a RUBS program and further increase income. Additional upside exists through below-market rents and operational improvements. The property has also benefited from recent capital improvements (2019), including new roofs, paving, and full interior remodels of four units.

Investment Highlights

  • Stable in-place income
  • Rent growth potential
  • Efficient utility structure
  • Strong market fundamentals
  • Value-add opportunities
  • Expansion or infill potential
  • High demand asset class
  • Limited local competition
  • Resilient cash flow profile
  • Expense optimization potential
  • Stable tenant base
  • Flexible hold strategy
  • Favorable demographics
  • NOI growth opportunities
  • Defensive market performance
  • Long-term income stability
Units
13
Cap Rate
6.88%
NOI
$79,128
Type
All-Age
Occupancy
100%
Investment Type
Apartment Building, RV Park
APN
274-0132-015-0000
Property Type:
MHP/RV
Number of Units:
Parking:
Utilities:
City Water & Sewer
NOI:
Occupancy:

Offering Memorandum

To review the offering memorandum and supporting materials, please submit your contact information below.

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Pierce Brazil
Pierce Brazil
Senior Investment Associate
Pierce Brazil
Senior Investment Associate
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