See all 40 photos

$1,325,000

Est. payment - /mo

Save

900 SqFt

Active

3922 Pentz RD Paradise, CA 95969

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/29/2024 05:25 PM

Key Details

Property Type Commercial

Sub Type Mobile Home

Listing Status Active

Purchase Type For Sale

Square Footage 900 sqft

Price per Sqft $1,472

MLS Listing ID SN24154121

HOA Y/N No

Lot Size 5.500 Acres

Property Description

Discover an exceptional investment opportunity with this well-established RV park, boasting a robust history of consistent income. Catering to a long-term, diverse tenant base, the park offers a relaxed shady campground setting. Currently, there are 21 permitted spaces, plus a versatile bonus space #0, totaling 22 spaces. Five of these spaces feature breathtaking lake views, enhancing their appeal and rental value. Currently, all tenants are long-term. Vacancies fill up quickly with little need to advertise. AGR is $142,500. NOI $102,205, CAP 8% GRM 9. A more detailed brochure is available upon request.

Each space is equipped with all-new submetered electricity pedestals and two hose bibs. There park has conventional septic and there are mobile pump-out services available. The park amenities include well-maintained male and female restrooms with showers, a new 100-gallon water heater, and a coin-operated laundry facility. Upgrades include all-new underground water & electricity infrastructure including new 50, 30, 20 amp pedestals. Two new recently installed 400 amp main panels ensure reliable service to all tenants and enough power for expansion.

A key feature of this property is the undeveloped acreage. The seller has secured a current permit from the California Department of Housing and Community Development authorizing the addition of 15 new spaces. This permit is transferable to the buyer, presenting a unique opportunity for expansion. The sale includes comprehensive engineered plans, a significant investment exceeding $100,000. Additionally, the permit and plans cover the installation of septic systems for four existing spaces enhancing the property's infrastructure. A copy of the permit is available upon request. This presents a lucrative opportunity for expansion, whether as long-term rentals, or short-term rentals with potential rates starting at $50 per night. The location is prime, just 2 miles from Lime Saddle boat marina, 20 miles from Chico, and 10 minutes from Butte College, making it ideal for both tourists and residents. The undeveloped acreage could also be used for boat storage or tent camping.

Situated just south of the city limits of the town of Paradise, this property enjoys a mild climate with little chance of winter snow. This is a rare chance to acquire a high-performing asset with significant growth potential. Take advantage of this remarkable opportunity to maximize your investment portfolio.

Location

State CA

County Butte

Zoning Mobile home Park - RV

Rooms

Ensuite Laundry Common Area, Inside, Laundry Room

Interior

Laundry Location Common Area,Inside,Laundry Room

Inclusions comprehensive engineered plans for addt'l 15 space expansion

Fireplace No

Laundry Common Area, Inside, Laundry Room

Exterior

Community Features Fishing, Marina

Utilities Available Electricity Connected, Propane, Underground Utilities, Water Connected

Waterfront Description Lake,Lake Privileges,Navigable Water

Present Use Multi-Family,Storage

Total Parking Spaces 50

Building

Lot Description Landscaped, Sprinkler System, Trees

Story 1

Water Public

Architectural Style Mobile Home

Others

Tax ID 041460019000

Security Features Fire Sprinkler System

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Dustin Cheatham • Upside Real Estate • 530-355-6881

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search