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Priced at $4,650,000, this mobile home park at 2030 E Grayson Rd in Ceres, California, represents a steady investment opportunity with a 7.04% cap rate. The property is situated in the Central Valley, a region known for its strong agricultural roots and growing residential demand. The location provides access to major regional transit routes, connecting the area to broader economic hubs within the metro region. Given its position in the local market, the asset is well-suited for investors looking to expand their portfolio with income-generating residential communities. The stable nature of this asset type offers a consistent performance profile, with a projected 9% return during the first year of operation. Owners and investors will find this site serves as a functional addition to a diversified real estate holdings strategy in a region characterized by consistent workforce housing needs.
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