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3520 Patterson RD Riverbank, CA 95367
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Key Details
Sold Price $1,220,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222007842
Sold Date 03/29/22
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 1.421 Acres
Acres 1.4211
Property Description
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!!
Location
State CA
County Stanislaus
Area 20201
Direction From Modesto, on Claus Road turn left onto Terminal Ave, then turn left onto Patterson Road. From the Bay Area, take I-580 East, continue on I-205 East following signs to Tracy and Stockton, Merge onto I-5N, take exit 461 for CA-120 toward Manteca, Sonora. Take exit 6 for CA-99 South. Exit 237 to Jack Tone Road, turn right onto River Rd. turn right toward Santa Fe Rd. then left onto Patterson Road.
Location Details Neighborhood,Other
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Garage Common Area Shared, Public, Street
Utilities Available Underground Utilities
Water Access Desc Public
Roof Type Composition
Topography Level
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 132-041-018-000
Special Listing Condition Offer As Is
Read Less
Bought with Central California Realty
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