Residential Income
7 Michael Drive Petaluma, CA 94954
7 Michael Drive, Petaluma, CA, 94954
$295,000
For Sale
$295,000
Residential unit within Youngstown Mobile Home Park, reached via McDowell Blvd and the second house on the right.
Property Size1,579 SF
Price / SF$186.83
Days on Market152
Property Features for 7 Michael Drive
General Information
- Standard status
- Active
- Size
- 1,579 SF
- Property subtype
- Manufactured In Park
Building Details
- Year Built
- 1976
Listing agency
(707) 326-3773
Listed by
Michelle Baynes · License #00968226
(707) 326-3773
Source
Evrealestate
Added: Feb 19 Updated: Jul 21 at 3:24AM Checked: Jul 21 at 3:24AM
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 Michelle Baynes
Investment Insights
Based on property information with market context.
This for-sale residential income property is located within Youngstown Mobile Home Park. The unit is identified in directions as the blue house, second on the right after turning into the park.
Access is provided from McDowell Blvd into Youngstown Mobile Home Park, where you turn right to reach the property. The listing information notes the home’s location within the park to help guide in-person viewing.
Access is provided from McDowell Blvd into Youngstown Mobile Home Park, where you turn right to reach the property. The listing information notes the home’s location within the park to help guide in-person viewing.
Key Highlights
- Residential unit located within Youngstown Mobile Home Park, accessed via McDowell Blvd
- House is identified as the blue home, second on the right
- Built in 1976
Local 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 | $22.7k | $14.40 |
| − Vacancy | −$1.5k | −$0.92 |
| EGI | $21.3k | $13.48 |
| − OpEx | −$9.6k | −$6.07 |
| NOI | $11.7k | $7.41 |
1,579 SF · lease $14.40/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$167.2K
$146.3K – $195.1K
NOI $11,705 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$427.9K
$374.4K – $499.2K
NOI $29,951 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Residential unit within Youngstown Mobile Home Park, reached via McDowell Blvd and the second house on the right.
Where is this mobile home & rv park located?
The property is located at 7 Michael Drive Petaluma, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Residential unit located within Youngstown Mobile Home Park, accessed via McDowell Blvd; House is identified as the blue home, second on the right; Built in 1976
