ParkMarket
112-Space All-Age Community, City Utilities, Kern County photo 1
For Sale
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Manufactured Housing CommunityNew

112-Space All-Age Community, City Utilities, Kern County

Bakersfield, California

$8,950,000

Total sites
112
Cap rate
6.7%
Occupancy
96%
Age restriction
All ages
  • 1031 Exchange

Key Details

Asking price
$8,950,000
Property type
Manufactured Housing Community
Total sites
112
Cap rate
6.7%
Occupancy
96%
NOI
$596,000
Price per site
$79,911
Age restriction
All ages
Utilities
City water & sewer
State
CA
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Overview

Stabilized 112-space park on city water and sewer with upside in lot rents.

Investment highlights

  • 96% occupied with all homes tenant-owned
  • Lot rents roughly $90 below the Bakersfield market average
  • City water and sewer, direct-billed to residents
  • Paved roads, mature trees, and an on-site manager
  • Long-term seller retiring after 22 years of ownership

Features

  • City utilities
  • Stabilized
  • Near interstate

The full property description, rent detail, and operating history are shared with buyers after a request.

Financial summary

Asking price
$8,950,000
Cap rate
6.7%
NOI
$596,000
Occupancy
96%
Price per site
$79,911
Park-owned homes
< 10%

Financing options

Seller financing is not advertised for this property. Conventional, agency, and bridge financing are common for this asset class.

  • Suitable for a 1031 exchange
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Location

Approximate area in Bakersfield, California. The exact address is shared after a request.

Documents & due diligence

  • Offering memorandumFull property package
  • Rent rollLot-by-lot rents and occupancy
  • Operating statementsT-12 income and expenses
  • Exact address & site planShared with qualified buyers

Documents are released after a short request. The seller may ask buyers to sign an NDA before sharing the offering memorandum and rent roll.

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$8,950,000

112 sites · Bakersfield, CA

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