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$ 1,295,000
Est. payment /mo
Price Dropped by $30K
3922 Pentz RD Paradise, CA 95969
5.5 Acres Lot
UPDATED:
11/20/2024 06:29 PM
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSN24154393
Originating Board California Regional MLS
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
Location
State CA
County Butte
Zoning SS
Exterior
Utilities Available Propane On Site, Underground - On Site
View Lake
Building
Lot Description Hunting
Water District - Public
Others
Tax ID 041460019000
Special Listing Condition Not Applicable
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Listed by Dustin Cheatham • Upside Real Estate