52
See all 52 photos
$5,825,000
Est. payment /mo
1 Bed
7.71 Acres Lot
New
5250 Whispering Creek Drive Santa Rosa, CA 95403
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26005693
Bedrooms 1
Lot Size 7.710 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Stonegate Mobile Home Park is a 70-site, all-age manufactured housing community located in Sonoma County, CA, the heart of Northern Californias wine country. Stabilized at 100% occupancy, this 4.0-star community is permitted by HCD for 70 sites consisting of 68 mobile home sites and 2 RV sites. Buyers have the option to assume the existing agency loan with a fixed interest rate of 4.66%. There are 66 tenant-owned mobile homes, 2 stick-built single-family residences, 1 tenant-owned park model, and 1 park-owned mobile home serving as the onsite managers unit. The 1 park-owned mobile home is included in the sale, representing a value of approximately $150,000. The average mobile home rent of $590 is approximately 32% below market, offering upside subject to local rent control ordinance guidelines. The community has a large clubhouse with a full kitchen, in addition to a spacious laundry room. The sellers are actively completing the conversion to city water, which is currently underway and anticipated to be completed within the next few months. Feasibility for city sewer connection has been confirmed, with potential grant funding sources to be explored by the buyer. Additionally, Stonegate MHP is enrolled in PG&Es utility conversion program to individually meter gas and the remaining seven electric sub-meters to direct bill, which is expected to further reduce operational expenses. Buyers have the option to assume the existing agency loan. Stonegate is a stable high-quality community with recent capital improvements including new asphalt and upgrades to the electrical systems f
Location
State CA
County Sonoma
Zoning Seller
Direction From Airport Blvd, take a right onto Aviation Blvd, and then right into vineyard creek dr
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 059230060000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://vimeo.com/1100747606
Listed by Tim Ryan Avine Real Estate
GET MORE INFORMATION