Updated Oct 28, 2024
Harmony Communities Acquires Manufactured Housing Asset In Butte Valley, CA For $11.45M
2920 Clark Road, Butte Valley, California 95965, United States
$11,450,000
Units
138
Asset Type
Other
Closing
Oct 27, 2022
About this deal
AI
A manufactured housing property located at 2920 Clark Rd in Butte Valley, CA has been sold in a transaction. The property, consisting of 138 units, was purchased by Harmony Communities from Three Pillar Communities. The sale was facilitated by brokers Jeff Benson and Sam Neumark from Northmarq. The transaction took place on October 28, 2022.
Summary of transaction details:
- Property Type: Manufactured Housing
- Transaction Amount: $11,450,000
- Address: 2920 Clark Rd, Butte Valley, CA
- Market: Butte Valley, CA
Jeff Benson and Sam Neumark from Northmarq represented Harmony Communities as their brokers in the deal. The sale price of the property amounted to $11,450,000, with a per unit price of $82,971.
On the Map
$11,450,000
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93