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3922 Pentz Road

Paradise, CA 95969
  • $1,325,000
  • STATUS: Active
  • ON SITE: 80 Days
  • ID#: SN24154393
UPDATED: 70 min ago
$1,325,000
  • 0
    BEDS
  • 5.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Dustin Cheatham of Upside Real Estate (530-298-8205)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-15T22:29:19.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/153026051
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3922 Pentz Road Paradise, CA 95969

  • Price: $1,325,000
  • Status: Active
  • On Site: 80 Days
  • Updated: 70 min ago
  • ID#: SN24154393
0
Beds
0
Baths
0
½ Baths
5.5
Acres
County:
Butte
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.
Exterior Features

Lot Features Sprinkler System Road Frontage Type County Road Road Surface Type Gravel View Lake View YN Yes Waterfront Features LakeNavigable Water

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingFoothillsGolfHikingHuntingLakeNear National ForestWater SportsFishing Current Financing Private Land Lease YN No Listing Agreement Exclusive Right With Exception Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange New Construction YN No Senior Community YN No Sewer Septic Tank Special Listing Conditions Standard Utilities Electricity ConnectedPropaneUnderground UtilitiesWater Connected Water Source Public Zoning Mobile home park



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-15T22:29:19.497. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373119118-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373119118-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373119118-2.jpg
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Dustin Cheatham of Upside Real Estate (530-298-8205)