Santa Rosa, CA 95403,5250 Whispering Creek Drive
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Santa Rosa, CA 95403,5250 Whispering Creek Drive
Santa Rosa, CA 95403,5250 Whispering Creek Drive
Santa Rosa, CA 95403,5250 Whispering Creek Drive
Santa Rosa, CA 95403,5250 Whispering Creek Drive
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Listed by Tim Ryan • Avine Real Estate
$ 5,825,000
Est. payment /mo
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5250 Whispering Creek Drive Santa Rosa, CA 95403

1,000 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,000 sqft

Price per Sqft $5,825

MLS Listing ID CROC26005693

HOA Y/N No

Year Built 1969

Lot Size 7.710 Acres

Property Sub-Type Other

Source Datashare California Regional

Property Description

Stonegate Mobile Home Park is a 70-site, all-age manufactured housing community located in Sonoma County, CA, the heart of Northern California's wine country. Stabilized at 100% occupancy, this 4.0-star community is permitted by HCD for 70 sites consisting of 68 mobile home sites and 2 RV sites. Buyers have the option to assume the existing agency loan with a fixed interest rate of 4.66%. There are 66 tenant-owned mobile homes, 2 stick-built single-family residences, 1 tenant-owned park model, and 1 park-owned mobile home serving as the onsite manager's unit. The 1 park-owned mobile home is included in the sale, representing a value of approximately $150,000. The average mobile home rent of $590 is approximately 32% below market, offering upside subject to local rent control ordinance guidelines. The community has a large clubhouse with a full kitchen, in addition to a spacious laundry room. The sellers are actively completing the conversion to city water, which is currently underway and anticipated to be completed within the next few months. Feasibility for city sewer connection has been confirmed, with potential grant funding sources to be explored by the buyer. Additionally, Stonegate MHP is enrolled in PG&E's utility conversion program to individually meter gas and the remain

Location

State CA

County Sonoma

Interior

Fireplace No

Laundry Common Area, Other

Building

Water Well


Bay East Association of Realtors
Garrick Yan

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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