3922 Pentz Road
$1,295,000
239,580 / 5.5
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...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 $50 per night. The location is prime, just 2 miles from Lime Saddle boat marina, 20 miles from Chico, and 10 minutes from Butte College, making it ideal for both tourists and residents. The undeveloped acreage could also be used for boat storage or tent camping. Situated just south of the city limits of the town of Paradise, this property enjoys a mild climate with little chance of winter snow. This is a rare chance to acquire a high-performing asset with significant growth potential. Take advantage of this remarkable opportunity to maximize your investment portfolio.
- Listed by Dustin Cheatham • DRE #01972561 • Brokerage DRE #02014153 • Upside Real Estate • 530-355-6881
Property Details for 3922 Pentz Road
View
Lake
Lot Size SourceAssessor
Assessor Parcel Number041460019000
New ConstructionNo
PoolNo
ViewYes
AssociationNo
Association Fee$.00
LISTING UPDATED: 11/20/2024 03:28 AM
Property Details for 3922 Pentz Road
Status | Active |
---|---|
MLS # | SN24154393 |
Days on Compass | 149 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 5.50 AC |
County | Butte County |
Building Information for 3922 Pentz Road
Lot Size5.50 AC
Property Information for 3922 Pentz Road
Property History for 3922 Pentz Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3922 Pentz Road
Taxable ValueLand$493,461Additions$159,181Total$652,642
Tax Record2024$7,236 ($603 / month)
Home Facts
Lot Size239,580 SqFtStyleMobile Home ParksZoningFR-40CountyBUTTEAPN041-460-019-000
Schools near 3922 Pentz Road
This home is within Golden Feather Union Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Concow Elementary School PublicK to 8 | ||
Oroville High School Public9 to 12 | ||
Oroville High Community Day School Public9 to 12 | ||
Prospect High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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