Manufactured Home in 55+
86-86 Park Dr Morgan Hill, CA 95037
86-86 Park Dr, Morgan Hill, CA, 95037
$485,000
For Sale
$485,000
1995 manufactured home with open living areas, rear patio, and an extended carport awning for parking.
Property Size1,373 SF
Price / SF$353.24
Days on Market51
Property Features for 86-86 Park Dr
General Information
- Standard status
- Active
- Size
- 1,373 SF
- Property subtype
- Manufactured In Park
Listing agency
Heritage Realty Team
(408) 857-0119
Listed by
Susan Fick
(408) 857-0119
Source
Exprealty
Added: Jun 3 Updated: Jul 22 at 7:44PM Checked: Jul 22 at 7:44PM
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 Heritage Realty Team
Investment Insights
Based on property information with market context.
Woodland Estates offers a resident-owned 55+ community setting with a beautifully maintained 1995 manufactured home. Inside, the layout features an open floor plan with a spacious living room that includes an electric fireplace, a bright kitchen with a breakfast bar and breakfast nook, and a dining/family room combination for everyday living and entertaining.
The home includes custom rear landscaping, a storage shed, and a patio located behind the front deck. An extended carport awning provides covered parking for 34 vehicles. The property sits directly across from one of the park’s entry streets, with tree-lined views from the front windows, nearby guest parking, and access to a greenbelt one home away.
Community amenities, including the clubhouse, are described as a short walk from the front door. The seller will provide a Section 1 pest clearance.
The home includes custom rear landscaping, a storage shed, and a patio located behind the front deck. An extended carport awning provides covered parking for 34 vehicles. The property sits directly across from one of the park’s entry streets, with tree-lined views from the front windows, nearby guest parking, and access to a greenbelt one home away.
Community amenities, including the clubhouse, are described as a short walk from the front door. The seller will provide a Section 1 pest clearance.
Key Highlights
- Woodland Estates resident‑owned 55+ community in Morgan Hill
- 1995 manufactured home with open floor plan including living room with electric fireplace
- Kitchen with breakfast bar and adjoining dining/family room with breakfast nook
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 | $49.4k | $36.00 |
| − Vacancy | −$2.0k | −$1.44 |
| EGI | $47.5k | $34.56 |
| − OpEx | −$21.4k | −$15.55 |
| NOI | $26.1k | $19.01 |
1,373 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$372.8K
$326.2K – $435.0K
NOI $26,098 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$828.9K
$725.3K – $967.1K
NOI $58,023 @ 7.0% cap · market cap 11.96%
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 - 1995 manufactured home with open living areas, rear patio, and an extended carport awning for parking.
Where is this mobile home & rv park located?
The property is located at 86-86 Park Dr Morgan Hill, CA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Woodland Estates resident‑owned 55+ community in Morgan Hill; 1995 manufactured home with open floor plan including living room with electric fireplace; Kitchen with breakfast bar and adjoining dining/family room with breakfast nook
