Residential Income
51 Michael Drive Petaluma, CA 94954
For Sale
$150,000
For sale residential income property on Michael Drive in Sonoma County, with a listed size of 1,320.
Property Size1,320 SF
Price / SF$113.64
Days on Market10
Property Features for 51 Michael Drive
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Manufactured In Park
Building Details
Year Built
1970
Listing Agency:
eXp Realty of California, Inc
(707) 318-4165
Listed By:
Ed Heinz
(707) 318-4165
Source:
Evrealestate
Added: Jul 21
Changed: Jul 27
Last Checked: Jul 30 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California, Inc
Investment Insights
Based on property information with market context.
This for-sale residential income property is located at 51 Michael Drive in Petaluma, California, in Sonoma County. The property size is listed as 1,320.
Per the provided directions, access is described as “McDowell to Youngstown.” No additional building details, unit configuration, or site improvements were included in the information provided.
Interested parties should confirm all property specifics directly, including the current configuration and any income-producing components, prior to submitting an offer.
Per the provided directions, access is described as “McDowell to Youngstown.” No additional building details, unit configuration, or site improvements were included in the information provided.
Interested parties should confirm all property specifics directly, including the current configuration and any income-producing components, prior to submitting an offer.
Key Highlights
- Residential income property on Michael Drive in Sonoma County
- 1,320 listed size
- Central heating with gas water heater
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $14.40 |
| − Vacancy | −$1.2k | −$0.92 |
| EGI | $17.8k | $13.48 |
| − OpEx | −$8.0k | −$6.07 |
| NOI | $9.8k | $7.41 |
1,320 SF · lease $14.40/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$139.8K
$122.3K – $163.1K
NOI $9,785 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$357.7K
$313.0K – $417.3K
NOI $25,038 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - For sale residential income property on Michael Drive in Sonoma County, with a listed size of 1,320.
Where is this mobile home & rv park located?
The property is located at 51 Michael Drive Petaluma, CA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Residential income property on Michael Drive in Sonoma County; 1,320 listed size; Central heating with gas water heater
