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Mobile Home Park

Mid Town Mobile Terrace

1117 Baldwin St, Salinas, CA 93906

Listing Price: $9,000,000

Cap Rate
6.17%
Number of Spaces
80
Lot Size
6.12 acres
Occupancy
100.0%
Price/Space
$112,500
Spaces/Acre
13.07
Year Built
1960

Investment Overview

80 space all age mobile home community located in Salinas, California.

Investment Highlights

  • Rare Monterey County manufactured housing community asset
  • Historically high occupancy
  • Population is 165,000 within a 5-mile radius of the property
  • Serviced by city water and sewer services
  • All tenant-owned homes
  • Urban in-fill location
  • The property is 20 miles to Monterey, 24 miles to Pebble Beach, and 70 miles to the center of Silicon Valley
  • Average household income of $87,000 within 5-mile radius of the property

Exclusively Listed By

Mobile Home Park

Mid Town Mobile Terrace

Listing Price: $9,000,000

Cap Rate
6.17%
Number of Spaces
80
Lot Size
6.12 acres
Occupancy
100.0%
Price/Space
$112,500
Spaces/Acre
13.07
Year Built
1960

Investment Highlights

  • Rare Monterey County manufactured housing community asset
  • Historically high occupancy
  • Population is 165,000 within a 5-mile radius of the property
  • Serviced by city water and sewer services
  • All tenant-owned homes
  • Urban in-fill location
  • The property is 20 miles to Monterey, 24 miles to Pebble Beach, and 70 miles to the center of Silicon Valley
  • Average household income of $87,000 within 5-mile radius of the property

Investment Overview

80 space all age mobile home community located in Salinas, California.

Exclusively Listed By

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