Courtesy: Parkway Real Estate Co.
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. 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. No apparent adverse easements, encroachments, or other conditions impact the property. 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.
Courtesy: NextHome North Valley Realty
Courtesy: Re/Max Home and Investment
This is a great opportunity to invest in Paradise with this Triplex that consists of 3 Separate Units that EACH consist of one bedroom and one bathroom , along with a full kitchen ,dining area ,living room and a indoor laundry area washer/dryer off the kitchen. All 3 units were completely updated after the Campfire due to smoke damage . Each unit has it's own washer/dryer ,refrigerator, microwave and gas stove. This Triplex also features a newer septic system as well as a certified/approved water filtration system. Previous owner added three separate large storage units that in the future could be included in the rental price or charged a additional fee. That is a option for the new owner .
Paradise is located in California. Paradise, California has a population of 27,919. Paradise is less family-centric than the surrounding county with 17.16% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Paradise, California is $53,310. The median household income for the surrounding county is $59,863 compared to the national median of $69,021. The median age of people living in Paradise is 56.5 years.
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 64 inches per year, with 1.7 inches of snow per year.
