$1,600,000
$1,800,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
1.74 Acres Lot
SOLD DATE : 04/01/2022
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 221145285
Sold Date 04/01/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1924
Lot Size 1.740 Acres
Acres 1.74
Property Description
The Central Valley Investment Team is proud to present the Modesto Mobile Home Park located at 2606 Topeka St in Riverbank, California. The Modesto Mobile Home Park is just one of four mobile home parks in the City of Riverbank. The property is situated on nearly an acre of land and located adjacent to the family-friendly Parkridge-Riverheights neighborhood. Within half a mile there are multiple national retailers including Starbucks, Burger King, Cool Hand Luke's Steakhouse and Galaxy Theatres. The property features a 1,497 square foot 3-bedroom house along with 27 mobile home spaces, 18 of which are park-owned homes. The property also features a 600 square foot building which can be utilized as a laundry facility to generate additional income. Investors will find multiple opportunities to add value including rent increases, utility bill backs, implementing laundry services, and potentially a lot line adjustment to sell the house separately.
Location
State CA
County Stanislaus
Area 20201
Direction North on Jackson Ave from Patterson Rd. Right on Topeka St.
Interior
Heating Other
Cooling Other
Flooring Other
Laundry In Common Area, Other
Exterior
Parking Features Attached
Utilities Available Natural Gas Connected, City
Water Access Desc Public
Total Parking Spaces 28
Building
Lot Description Curbs/Gutters
Story 1
Foundation Raised
Sewer In & Connected, Public Sewer
Water Public
Schools
Elementary Schools Riverbank Unified
Middle Schools Riverbank Unified
High Schools Riverbank Unified
School District Stanislaus
Others
Senior Community No
Tax ID 075-004-051
Special Listing Condition None
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