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2606 Topeka St $1,800,000

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    2606 Topeka St Riverbank, CA 95367

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 221145285
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    Views: 57

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    Property Details

    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.

    • General Features
      • Year Built 1924
      • Property Subtype 5 or More Units
      • County Stanislaus
      • Association Fee $0
      • Association No
    • Building Features
      • Carport Spaces 0
      • Construction Materials Stucco, Frame
      • Num Commercial Units 0
      • Number of Buildings 20
      • Independent Parking Spaces 0
      • Number of Floors 1
      • Heating Other
      • Foundation Raised
      • Garage Spaces 0
      • Flooring Other
      • Covered Spaces 0
      • Cooling Other
      • Open Parking Spaces 0
      • Number of Studio Units 0
      • Number of Units Total 28
      • Total Parking Spaces 28
      • Stories 1
      • Sewer Public Sewer
      • Number of Guest Spaces 0
      • Tandem Parking Spaces 0
      • Water Source Public
    • Property Features
      • Lot Size Source Not Verified
      • Lot Size Square Feet 75794
      • Lot Size Acres 1.74
    • Schools
      • Senior High School District Riverbank Unified
      • School District County Stanislaus
      • Middle or Junior School District Riverbank Unified
      • Elementary School District Riverbank Unified

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    Neighborhood

    95367 (Riverbank) Demographics

    33 Median Age
    5,601 Population Density (per sq. mile)
    21% College Educated
    $71,934 Estimated Median Income
    4,885 Estimated Total Home Owners
    2,332 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    25,072 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $450,000 Median Sales Price
    27 Homes Sold
    18 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,800,000
        12/2/2021 3:01:42 PM Price Reduced Source: Multiple Listing Service New Value: $1,800,000 -10%
        11/16/2021 3:02:00 PM New in Database Source: Multiple Listing Service New Value: $2,000,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of METROLIST SERVICES, INC. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information last updated 12/6/2021 1:11:09 PM. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Terms of Use

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.