CA > Santa Rosa
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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$5,825,000
Est. payment /mo
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1 Bed
7.71 Acres Lot
Active

5250 Whispering Creek Drive Santa Rosa, CA 95403

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25177699

Bedrooms 1

Lot Size 7.710 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Stonegate Mobile Home Park is a 70-site, all-age manufactured housing community located in Santa Rosa, CA, the heart of Northern Californias wine country. Stabilized at 99% 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. 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 managers unit). The 2 park-owned mobile homes are included in the sale, representing a value of approximately $250,000. 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 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 PG&Es 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. Buyers have the option to assume the existing agency loan. Stonegate is a stable high-quality community with recent capital improvements including new asphalt and upgrades to the electrical systems for common areas. Strategically located in Santa Rosa, the largest city in Sonoma County with a population of ove

Location

State CA

County Sonoma

Zoning Seller

Direction From Airport Blvd, take a right onto Aviation Blvd, and then right into vineyard creek dr

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 059230060000

Virtual Tour https://vimeo.com/1100747606

MLS Router / San Diego MLS
Listed by Tim Ryan Avine Real Estate

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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5250 Whispering Creek Drive

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