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Mobile Home Park

McCord Mobile Village

405 McCord Ave, Bakersfield, CA 93308

Listing Price: $650,000

Cap Rate
6.70%
Number of Spaces
14
Lot Size
0.70 acres
Occupancy
94.0%
Price/Space
$46,429
Spaces/Acre
20.00
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for McCord Mobile Village, a 14-Space Mobile Home Park located at 405 McCord Avenue in Bakersfield, California 93308. The site consists of 14 Mobile Home Spaces with public water and sewer connections. McCord Mobile Village is just North of Kern River and gives quick, approximately one-mile access to Highways 99 and 204. McCord Village boasts a day-one, going-in cap rate of 6.70 percent, allowing an entry-level investor to immediately start cash flowing with a smaller investment size. Half (seven) of the spaces have a mobile home/RV that is seller-owned and will be transferred with the sale allowing the buyer the option to sell them for additional, post-purchase cash back. The Bakersfield metro lies near the Southern end of the San Joaquin Valley and encompasses all of Kern County. The Kern River flows through the region, which includes parts of three mountain ranges that limit development. The city of Bakersfield, which is the county seat, contains roughly 376,200 residents and is located just 80 miles from the Los Angeles metropolitan area. Kern County’s central location puts it within a half-day’s drive of all major California metros.

Investment Highlights

  • Attractive Going-In Cap Rate of 6.70 Percent
  • Half of the Spaces have Trailers/Mobile Homes Owned by Seller
  • Unique, Entry-Level Investment for Investors Looking for Great Cash Flow

Exclusively Listed By

Financing By

Mobile Home Park

McCord Mobile Village

Listing Price: $650,000

Cap Rate
6.70%
Number of Spaces
14
Lot Size
0.70 acres
Occupancy
94.0%
Price/Space
$46,429
Spaces/Acre
20.00
Year Built
1950

Investment Highlights

  • Attractive Going-In Cap Rate of 6.70 Percent
  • Half of the Spaces have Trailers/Mobile Homes Owned by Seller
  • Unique, Entry-Level Investment for Investors Looking for Great Cash Flow

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for McCord Mobile Village, a 14-Space Mobile Home Park located at 405 McCord Avenue in Bakersfield, California 93308. The site consists of 14 Mobile Home Spaces with public water and sewer connections. McCord Mobile Village is just North of Kern River and gives quick, approximately one-mile access to Highways 99 and 204. McCord Village boasts a day-one, going-in cap rate of 6.70 percent, allowing an entry-level investor to immediately start cash flowing with a smaller investment size. Half (seven) of the spaces have a mobile home/RV that is seller-owned and will be transferred with the sale allowing the buyer the option to sell them for additional, post-purchase cash back. The Bakersfield metro lies near the Southern end of the San Joaquin Valley and encompasses all of Kern County. The Kern River flows through the region, which includes parts of three mountain ranges that limit development. The city of Bakersfield, which is the county seat, contains roughly 376,200 residents and is located just 80 miles from the Los Angeles metropolitan area. Kern County’s central location puts it within a half-day’s drive of all major California metros.

Exclusively Listed By

Financing By

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