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3922 Pentz Road, Paradise, CA 95969
Priced at Only: $1,249,000
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Mobile: 714.478.6676
Address: 3922 Pentz Road, Paradise, CA 95969
Property Photos
Property Location and Similar Properties
Reduced
- MLS#: SN24154121 ( Mobile Home )
- Street Address: 3922 Pentz Road
- Viewed: 2
- Price: $1,249,000
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 162
- Additional Information
- County: BUTTE
- City: Paradise
- Zipcode: 95969
- Provided by: Upside Real Estate
- Contact: Dustin Dustin
- DMCA Notice
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DescriptionDiscover 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.
Features
Accountingtype
- Actual
Amperage
- 400
- 50
- 30
- 20
Assetclass
- Mobile Home Park
- Multi-Family
Building Area Total
- 900.00
Building Expenses
- 2805.00
Commoninterest
- None
Country
- US
Current Financing
- Private
Current Use
- Multi-Family
- Storage
Electric
- Electricity - On Property
Expense Year
- 2024
Inclusions
- comprehensive engineered plans for addt'l 15 space expansion
Insurance Expense
- 2758.00
Land Use
- Mobile Home Park
Laundry Equipment Own Lease
- Own
Laundry Features
- Community
- Individual Room
- Inside
Laundry Income
- 2400.00
Netoperatingincome
- 102205.00
Number Of Buildings
- 22
Otherexpense
- 1143.00
Parcel Number
- 041460019000
Postalcodeplus4
- 6656
Professionalmanagementexpense
- 2805.00
Property Type
- Mobile Home
Security Features
- Fire Sprinkler System
Signage
- Sign Freestanding
Totalexpenses
- 25895.00
Trash Expense
- 1766.00
Uncovered Spaces
- 50.00
Utilities
- Electricity Connected
- Propane
- Underground Utilities
- Water Connected
Vacancyallowance
- 14400
Waterfront Features
- Fishing in Community
- Lake
- Lake Privileges
- Marina in Community
- Navigable Water
Water Sewer Expense
- 1859.00
Water Source
- Public
Zoning
- Mobile home Park - RV
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com