Sold
3520 Patterson Road
Riverbank CA, 95367
$1,220,000
$306.22 per sqft
Sold
3,984 sqft
Commercial
A well-maintained Family Mobile Home Park permitted for 21 MH spaces, includes duplex, each unit 1/1 and SFR house 2/1. City services, tenants pay direct to electric provider, and usage on gas. Tenants also pay for sewer and trash services. The park is bordered on two sides by city public streets with sidewalk improvements. There is City Rent Control Ordinance No. 2008-015, entitled Mobile Home space rent Stabilization for all MHP's in the City of Riverbank. The rent may be increased 100% of the reported annual Consumer Price Index report. This year 2022 the CPI is 7.05%. The duplex units and SFR house are not subject to the City of Riverbank rent control ordinance. --- Great Investment Opportunity!!
222007842
MLSⓇ ID
April 25, 2024
Updated
Map
3520 Patterson Road
Riverbank CA, 95367
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.42 Acres
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
20201
Garage
No
View
No
County
Stanislaus
Water Source
Public
Pool
No
Zoning
Commercial Trailer Park
Buyer Agency Compensation
2%
Courtesy of Central California Realty, Daniel Ortiz, Jr.,
Listing Contact:
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