NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
75,794 Sq Ft Lot

Last Sold March 29, 2022

Last sale price $1,600,000

37 Days on Market

Highlights

  • 1.74 Acre Lot
  • 28 Car Attached Garage
  • 1-Story Property
  • No HOA
  • Laundry Facilities

About This Home

As of March 2022

The Central Valley Investment Team is proud to present the Modesto Mobile Home Park located at 2606 Topeka St in Riverbank, California. The Modesto Mobile Home Park is just one of four mobile home parks in the City of Riverbank. The property is situated on nearly an acre of land and located adjacent to the family-friendly Parkridge-Riverheights neighborhood. Within half a mile there are multiple national retailers including Starbucks, Burger King, Cool Hand Luke's Steakhouse and Galaxy Theatres. The property features a 1,497 square foot 3-bedroom house along with 27 mobile home spaces, 18 of which are park-owned homes. The property also features a 600 square foot building which can be utilized as a laundry facility to generate additional income. Investors will find multiple opportunities to add value including rent increases, utility bill backs, implementing laundry services, and potentially a lot line adjustment to sell the house separately.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 11/16/2021

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 1.74

Parking

  • 28 Car Attached Garage

Home Design

  • Raised Foundation
  • Frame Construction
  • Stucco

Additional Features

  • 1-Story Property
  • 1.74 Acre Lot
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 075-004-051

Community Details

Overview

  • No Home Owners Association
  • 20 Buildings
  • 28 Units

Amenities

  • Laundry Facilities

Building Details

  • 27 Leased Units
  • 1 Vacant Unit
  • 27 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

1.74 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1924
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other

Exterior Features

  • Construction Materials: Stucco, Frame
  • Foundation: Raised
  • Listing Price: 1800000.00
  • Lot Features: Curbs/Gutters

Garage/Parking

  • Parking Features: Attached
  • Total Parking Spaces: 28.00

Utilities

  • Security: None
  • Sewer: In & Connected, Public Sewer
  • Utilities: Natural Gas Connected, City
  • Cooling: Other
  • Heating: Other
  • Laundry Features: In Common Area, Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Riverbank Unified

Lot Info

  • Zoning Description: R-2
  • Irrigation: None
  • Lot Size Acres: 1.7400
  • Lot Size Sq Ft: 75794.00

Rental Info

  • Total # Leasable: 28

Multi Family

  • Income Includes: Rent Only,Other
  • Number of Leased Units: 27
  • Number of Month to Month Units: 27
  • Number of Units: 28
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 075-004-051
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2022 03/29/22 Sold $1,600,000 -20.0% --
12/23/2021 12/23/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $2,000,000 -- --
Source: MetroList

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,667 $804,394 $320,484 $483,910
2024 $12,448 $788,622 $314,200 $474,422
2023 $11,523 $773,160 $308,040 $465,120
2022 $8,517 $523,770 $192,270 $331,500
2021 $8,474 $513,500 $188,500 $325,000
2020 $6,512 $345,000 $138,000 $207,000
2019 $6,458 $345,000 $138,000 $207,000
2018 $6,391 $345,000 $138,000 $207,000
2017 $6,524 $345,000 $138,000 $207,000
2016 $6,423 $345,000 $138,000 $207,000
2015 $5,907 $300,000 $120,000 $180,000
2014 -- $300,000 $120,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221145285

MetroList
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