Walnut Estates MHC

Kelseyville, , CA
For Sale
$3,695,000
$3,695,000
Walnut Estates MHC, Kelseyville, , CA
Units
39
Acres
4.97
Type:
55+
Utilities:
City Water & Sewer | Direct-Billed to Residents
Occupancy:
98%
View Offering Memorandum

About the property

CRI Brokerage is pleased to present a 39-unit mobile home community in Northern California.

The property has no rent control and is on city water and sewer. It recently went through major capital improvements, including newly paved roads, new utility meters, and upgraded utility infrastructure. Utilities are billed directly to residents, and most of the homes are tenant-owned (TOH).

Located in a strong rental market, the asset offers stable in-place income with clear upside.

Now available. Contact us for the offering memorandum and financials.

Investment Highlights

  • Stable in-place income
  • NO Rent Control
  • City Services
  • Newly Paved Roads
  • Direct-Billed Utilities
  • New meters and upgraded utility infrastructure
  • Majority TOH
  • 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
39
Cap Rate
6%
Acres
4.97
Occupancy
97%
Type:
55+
Utilities:
City Water & Sewer | Direct-Billed to Residents
Occupancy:
98%

Offering Memorandum

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

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