4
Beds
4
Baths
16.12
Acre Lot
The 16 acre Artemis Meadow Mobile Home Park is a great Value with lots of upside potential! Park features 5 mobile home sites. Each site rents for $400 per month. 4 sites are currently rented with tenant owned homes. Unit 5 features a double wide park owned home. Other buildings include a site build home(unit#1), a 2 car garage, and a cafeteria/commercial kitchen space(unit#7) that is currently being used as storage. Property comes with a double wide trailer that was once a classroom. This home is 2x4-2x6 construction and is built strong, needs to be converted to a home and installed. Each home has its own electric meter and septic system. The park is supported by a strong well with regular potability testing. Units 5b and 7 need renovation. This is truly a diamond in the ruff. Currently at 7.3 % CAP rate. Well above the average, with the potential to easily double your yearly income. Seller willing to carry with $250k down, for 3 years, at 7%. On 16 acres, you have plenty of space to build your dream home separate from the park and with privacy. Live and work in beautiful Dobbins California. Dobbins is a tight niche community with local shops, dining, farmers market and lakes for recreation.
223118040
Residential - Multi-Family, 1 Story
4
4 Full
1971
Yuba
16.12
Acres
Private, Shared Well, Well
1
Septic Tank
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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Courtesy: Christopher Dobbins, RE/MAX Gold
Agent License: 02055136