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$ 1,750,000
Est. payment /mo
Price Dropped by $250K
26600 CA-Highway 88 Pioneer, CA 95666
1 Bed
6.21 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25172191
Bedrooms 1
Lot Size 6.210 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Buckhorn MHP is a 48-site, all-age community in Pioneer, CA being offered for $1,750,000 ($36,458 per site). Seller financing is available for qualified buyers, subject to sellers approval, with $875,000 down payment, 7 year term, and 4% I/O rate. 30 sites are currently occupied by long term residents with tenant-owned homes. There are 18 vacant units at Buckhorn MHP, presenting the opportunity for a new owner to grow occupancy by in-filling homes. Occupancy within the set of comparable parks nearby averaged over 90%. Furthering Buckhorn MHPs potential, its average rents are $650 per month, which is approximately 15% less than the comparable set average of $773. Buckhorn MHP benefits from directly billed electric and gas utilities for each space. Waste is handled by a private septic system consisting of three tanks and leach fields. Public water is provided by Amador Water Agency through a master meter. Currently, only a handful of the tenants are being billed for water at a flat rate. There is potential for the new owner to expand billing for water and septic services. Buckhorn MHPs street coverings are a combination of asphalt and dirt and there is a laundry room with recently updated leased machines. Buckhorn MHP is directly adjacent to a Chevron Gas and Convenience store and across the street from a Dollar General. It is also a short drive away from multiple outdoor recreation options in Pioneer and nearby Pine Grove. Jackson, CA is approximately 20 minutes away from Buckhorn MHP, offering major services, employment and entertainment. Within a 90 minute drive, Buckhorn
Location
State CA
County Amador
Zoning Seller
Direction Direct access off CA Highway 88
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 033160013000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Tim Ryan Avine Real Estate
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