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Mobile Home Park

Cave Springs

4727 Dunsmuir Ave, Dunsmuir, CA 96025

Listing Price: $2,500,000

Cap Rate
7.49%
Number of Spaces
62
Lot Size
5.69 acres
Occupancy
50.0%
Price/Space
$40,323
Spaces/Acre
10.90
Year Built
1923

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a motel and mobile home/RV park located in Dunsmuir, California. Cave Springs Resort is an asset comprised of 10 motel rooms, 16 seasonal cabins, and 36 mobile home and RV spaces, all in an idyllic setting. The mobile home/RV park portion of the asset includes 8 park-owned homes that are currently rented out as an extension of the motel. The Resort is located right off the I-5 freeway and is nestled in next to the Sacramento River, with a beautiful overlook view of Mount Shasta. The Resort offers 10 clean and tidy motel rooms as well as 16 seasonal cabins that are described by the owner as a “step back in time”. The cabins were built in 1923 and offer a vacation experience unique in today’s world. The Resort also features a pool, shower house for RV travelers, and on-site laundry facilities. This asset offers investors the opportunity to acquire a property with multiple income streams that have a significant amount of rent from the mobile home/ RV park, and revenue from the motel and cabin rentals. The current rent in the mobile home and RV park are $247 for mobile home spaces and $420 for RV spaces. The market for mobile home spaces is currently between $450 and $550 per month. Currently, owner does not recover any of the utility charges in the mobile home and RV park.

Investment Highlights

  • Very busy motel and cabin resort with additional income and upside from an under utilized and below-market RV and Mobile Home Park.
  • With the RV and hospitality markets poised for significant growth coming out of the pandemic, Cave Springs has consistently outperformed the market and still has room to grow,
  • Upside in management and operations. This is a property that has been run by two generations of family. By bringing rents and rates to market and improving management, a new owner can maximize revenue
  • There is no current utility bill back system in place. Tenants of the Mobile Home and RV Park currently pay $274 per month, which includes water, sewer, garbage, and electricity. By putting a bill back system in place, new owners could recapture utility expenses and add to the Net Operating Income.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Listing Price: $2,500,000

Cap Rate
7.49%
Number of Spaces
62
Lot Size
5.69 acres
Occupancy
50.0%
Price/Space
$40,323
Spaces/Acre
10.90
Year Built
1923

Investment Highlights

  • Very busy motel and cabin resort with additional income and upside from an under utilized and below-market RV and Mobile Home Park.
  • With the RV and hospitality markets poised for significant growth coming out of the pandemic, Cave Springs has consistently outperformed the market and still has room to grow,
  • Upside in management and operations. This is a property that has been run by two generations of family. By bringing rents and rates to market and improving management, a new owner can maximize revenue
  • There is no current utility bill back system in place. Tenants of the Mobile Home and RV Park currently pay $274 per month, which includes water, sewer, garbage, and electricity. By putting a bill back system in place, new owners could recapture utility expenses and add to the Net Operating Income.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a motel and mobile home/RV park located in Dunsmuir, California. Cave Springs Resort is an asset comprised of 10 motel rooms, 16 seasonal cabins, and 36 mobile home and RV spaces, all in an idyllic setting. The mobile home/RV park portion of the asset includes 8 park-owned homes that are currently rented out as an extension of the motel. The Resort is located right off the I-5 freeway and is nestled in next to the Sacramento River, with a beautiful overlook view of Mount Shasta. The Resort offers 10 clean and tidy motel rooms as well as 16 seasonal cabins that are described by the owner as a “step back in time”. The cabins were built in 1923 and offer a vacation experience unique in today’s world. The Resort also features a pool, shower house for RV travelers, and on-site laundry facilities. This asset offers investors the opportunity to acquire a property with multiple income streams that have a significant amount of rent from the mobile home/ RV park, and revenue from the motel and cabin rentals. The current rent in the mobile home and RV park are $247 for mobile home spaces and $420 for RV spaces. The market for mobile home spaces is currently between $450 and $550 per month. Currently, owner does not recover any of the utility charges in the mobile home and RV park.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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