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Whispering Creek Dr Santa Rosa, CA 95403

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For Sale
$5,825,000

70-site mobile home community in Santa Rosa, California.

Property size:
1,000 SF
Lot size:
7.71 Acres

Property Features for Whispering Creek Dr

General Information

Standard status
Active
Size
1,000 SF
Lot size
7.71 Acres

Building Details

Year built
1969

Source: AVINE REAL ESTATE Agent TIM RYAN

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Stonegate Mobile Home Park

Stonegate Mobile Home Park is a 70-site, all-age manufactured housing community located in Santa Rosa, CA. The community is stabilized at 99% occupancy and consists of 68 mobile home sites and 2 RV sites. There are 65 tenant-owned mobile homes, 2 stick-built single-family residences, 1 tenant-owned park model, and 2 park-owned mobile homes (1 vacant and 1 serving as the onsite manager's unit). The 2 park-owned mobile homes are included in the sale. The average mobile home rent is approximately 32% below market. The community has a large clubhouse with a full kitchen, in addition to a spacious laundry room. The property is in the process of converting from private well and septic systems to municipal water and sewer, creating future opportunities to pass utility costs through to residents. Additionally, Stonegate MHP is enrolled in PGE's 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.
Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Map

City
Santa Rosa
County
Sonoma
State
California
Longitude
-122.778901
Latitude
38.508373

FAQs

What type of property is this?
Mobile home & RV park - 70-site mobile home community in Santa Rosa, California.
Where is this mobile home & rv park located?
The property is located at Whispering Creek Dr Santa Rosa, CA.
What is the asking price?
The asking price for this property is $5,825,000.
What are key features of this property?
This property features: - High occupancy rate of 99% indicates a stable and desirable community.; - Below-market average mobile home rent ($590, 32% below market) provides significant upside potential, subject to rent control.; - Option to assume existing agency loan offers attractive financing possibilities.
More about this property
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