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1941 Third Street, Eureka, CA 95501

$685,000
Property Type: Commercial Square Footage: 1,500 Lot Size (sq. ft.): 26,136 Status: Sold
Current Price: $685,000 List Date: 9/21/2020 Last Modified: 9/09/2024

Overview

Description

Clean well managed Mobile Home Park. 16 spaces and 2 studio apartments plus on sight launderette. Clientele are mostly seniors. Desirable location with bus line across the street and walking distance to most services. Low Vacancy. DO NOT DISTURB the tenants. Listing broker is owner, so call me with questions or showing appointment Listing Broker and agents DO NOT guarantee the information in this MLS Listing is accurate. It is the duty of any person, buyer or entity using this MLS listing to exercise due diligence to independently verify this information.

Listing Details MLS# 257437

Listing Information

Pended Date
2020-10-02
Sold Date
2021-01-26

Property Description

Type of Property
Commercial
Realtor.com Type
Commercial
Construction Status
Existing
Main House SqFt
1500
Lot Acres
0.6
Flood Zone
No
Cap Rate
7
List Price/SqFt
456.66
Sold Price/SqFt
456.66

Location Legal and Taxes

Area
South Bay
House Number
1941
Street Name
Third
Street Suffix
Street
Sub-Area
Eureka
State
CA
Zip Code
95501
Cross Street
U

Directions and Remarks

Directions
Directly behind the Red Lion Inn on Third

APOD

GOI
80000
NOI
48000

Building Description

Year Built
1940
Total Baths
2
# Units
18
Condition
Very Good

More Information

Square Footages

Total Building SqFt
1500

Business

Business Name
Recetki Park
Real Estate Included
Yes
Equip Included
Yes
List Avail
Yes
License Incl
Yes
Fixtures Incl
Yes

Exterior Features

Outbuildings
Shed

Location, Legal and Taxes

APN
002-096-005

Zoning

Commercial
Yes

Possession

At Close of Escrow
Yes

Income & Expenses

Signage
Yes
Annual Income
81420
Annual Gross Rev
79620
Gross Income
81420
Net Operating Inc
50000
Insurance
3400
Utilities
24343
Other Expense
3600
Annual Expenses
31343
Total Operating Exp
38843

Type of Use

Mobile Home Park
Yes

Existing Use

Other
Yes

Utilities

Circuit Breaker
Yes
Electric
Yes
Gas
Yes
Telephone
Yes
TV Cable
Yes
220 Volt
Yes
Underground Utility
Yes

Siding

Wood
Yes

Location

Corner Lot
Yes

Foundation

Slab
Yes

Construction

Wood Frame
Yes

Roof

Composition Shingle
Yes

Financing Terms

Cash
Yes
Conventional
Yes

Parking

11 - 20 Spaces
Yes

Heating

Natural Gas
Yes

Exterior Amenities

Security Lighting
Yes

Flooring

Vinyl
Yes
Partially Carpeted
Yes

Sale Includes

Land/Bldg/Bus
Yes

Property Features

Zoning: Commercial Type of Use: Mobile Home Park Existing Use: Other Location: Corner Lot Foundation: Slab Construction: Wood Frame Siding: Wood Roof: Composition Shingle Parking: 11 - 20 Spaces Exterior Amenities: Security Lighting Utilities: 220 Volt; Circuit Breaker; Electric; Gas; Telephone; TV Cable; Underground Utility Heating: Natural Gas Flooring: Partially Carpeted; Vinyl Sale Includes: Land/Bldg/Bus Possession: At Close of Escrow Financing Terms: Cash; Conventional
Listing Office: RE/MAX Humboldt Realty
IDX
Last Updated: September - 09 - 2024
Broker Attribution: johnduncan52@gmail.com

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.