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    1750 Lee Rd Quincy, CA 95971

    For Sale
    $4,500,000

    61 Units, 6.8% Cap Rate, CA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Shady Pines Mobile Home Park presents a compelling investment opportunity in Quincy, California. This established 61-unit mobile home park boasts a strong 6.80% capitalization rate, generating a substantial Net Operating Income (NOI) of $308,124. The property is conveniently located at 1750 Lee Rd, Quincy, CA 95971 (39.9363458, -120.9079053) within Plumas County. The park is well-maintained and enjoys a reputation as a four-star family community. Residents benefit from the convenience of city water and sewer services, along with direct gas and electric connections. The asking price for this turnkey investment is $4,500,000. This represents a significant opportunity for investors seeking a stable, high-yielding asset in a desirable location. The park's strong occupancy and established infrastructure contribute to its consistent profitability and potential for future growth. The property's location in Quincy, California offers a blend of rural charm and accessibility, making it an attractive destination for residents. This is a rare opportunity to acquire a well-established mobile home park with a proven track record of success. The financial performance data clearly demonstrates the potential for strong returns on investment. Serious inquiries are encouraged.

    Property Features for 1750 Lee Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    61

    HighLights

    • $4,500,000 asking price.
    • 61‑unit mobile home park.
    • 6.80% cap rate.
    • $308,124 Net Operating Income (NOI).
    • Located at 1750 Lee Rd, Quincy, CA 95971.
    • City water and sewer, direct gas and electric.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Plumas
    State
    California
    Longitude
    -120.9079053
    Latitude
    39.9363458

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    FAQs

    What type of property is this?
    Multifamily property - 61 Units, 6.8% Cap Rate, CA
    Where is this multifamily property located?
    The property is located at 1750 Lee Rd Quincy, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: $4,500,000 asking price.; 61-unit mobile home park.; 6.80% cap rate.
    Request Owner's contact information
    1750 Lee Rd Quincy, CA 95971
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    Quincy, CA 95971
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1750 Lee Rd Quincy, CA 95971
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