3922 Pentz RD Active Save Request In-Person Tour Request Virtual Tour
Paradise,CA 95969
Key Details
Property Type Commercial
Sub Type Mobile Home
Listing Status Active
Purchase Type For Sale
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
Interior
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
Lease Land No