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3922 Pentz Road

Paradise, CA 95969

$1,325,000

List Price

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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.

Listing Information

List Price $1,325,000
Status Active
MLS SN24154121
Type Commercial
Subtype Mobile Home
Lot Size 239,580
Structure Size N/A
DOM 95
Courtesy Of Upside Real Estate
Listing Agent Dustin Cheatham DRE#01972561

Interior Features

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Location(s) Common Area, Inside, Laundry Room
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Exterior Information

Maps

home_work Nearby Properties

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$1,325,000

king_bed N/A
shower N/A
straighten N/A
straighten 239,580
3922 Pentz Road,

Paradise, CA 95969
Image

$1,325,000

king_bed N/A
shower N/A
straighten N/A
straighten 239,580
3922 Pentz Road,

Paradise, CA 95969
Image

$819,500

king_bed 3
shower 2
straighten 1,876
straighten 107,593
3891 Pentz Road,

Paradise, CA 95969
Image

$399,000

king_bed N/A
shower N/A
straighten N/A
straighten 4,996,768
3923 Dry Creek Road,

Butte Valley, CA 95965
Image

$2,700/month

king_bed 3
shower 2
straighten 1,820
straighten 12,632
5062 Chasity Court,

Paradise, CA 95969

Listing information courtesy of: Dustin Cheatham, Upside Real Estate 530-355-6881. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 5:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.