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Listed price in listed location currency (USD).
$550,000

0056

MLS® 226042890

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 264 sqft
Garage 
Taxes 
Days Active 25
Lot Size 
Approx. Age 1960
Avg. Price Per Sqft $2,083
MLS® Number 226042890

Property Address: 245 Railroad Flat Rd, Mokelumne Hill, CA, 95245-9633

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire a 26-space mobile home park offered at $550, 000, equating to approximately $21, 150 per space, well below typical market pricing and positioned for a quick sale due to seller health circumstances. The property currently has rents ranging from $500 to $600 per month and presents a value-add opportunity, as current operations are not yet optimized and the asset is not presently producing positive cash flow. This creates significant upside for an investor to improve management, fill spaces with RV or Mobile/Manufactured Homes, and enhance overall performance. Once stabilized, the property has the potential to deliver a projected cap rate exceeding 15%, making it an attractive repositioning opportunity in the resilient affordable housing sector. In addition, ownership offers valuable depreciation tax benefits, which may help offset taxable income and improve overall returns (buyers to verify with their tax advisor). Offering private financing with $170, 000 down, providing a flexible acquisition structure and reducing reliance on traditional lending. This is a rare chance to acquire a below-market asset with substantial upside and long-term growth potential.
MLS® Number226042890
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
Basement
DrivewayOther
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 8, 2026List Date
$550,000List Price
  • Commute

Commute

Starting Address
Destination Address
245 Railroad Flat Rd, Mokelumne Hill, CA

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