10530 Walker, Grass Valley, CA 95945

Property Description

Introducing The Pines Senior Mobile Home Park, a premier 55+ community located in the charming town of Grass Valley, CA. This unique and lucrative 28-space property, spread over 2.86 acres, offers a rare opportunity to acquire, income-producing asset in a desirable and stable market. Consists of 28 total spaces, including 21 mobile home spaces and 7 homes; 83% Occupancy with reliable income stream. City Utilities, water, and trash are pass-through to tenants; P.G.&E. natural gas and electric are direct billed. Zoning R1-1.5 in a desirable location only 5 minutes to historic downtown Grass Valley, near major freeways and Nevada County transit routes and schools. Seller Financing Available. NOI: $198,113 Cap Rate: 7.2%, GRM: 10.30. With a stable tenant base and excellent market fundamentals, The Pines Senior Mobile Home Park represents a turnkey investment with strong cash flow. The combination of a 83% occupied, senior-only community and the availability of attractive seller financing make this property an exceptional choice for investors seeking dependable income and long-term appreciation. CNDA required.