$1,325,000
3922 Pentz Road Paradise, CA 95969
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Listed by Dustin Cheatham • Upside Real Estate
$1,325,000
Est. payment /mo
239,580 SqFt
UPDATED:
10/30/2024 01:15 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 239,580 sqft
Price per Sqft $5
MLS Listing ID CRSN24154393
HOA Y/N No
Originating Board Datashare California Regional
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
Location
State CA
County Butte
Interior
Fireplace No
Exterior
View Lake
Building
Lot Description Other
Water Public
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