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$1,200,000
Est. payment /mo
1 Bed
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25172215
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Property Description
Forest Glen MHP is a 24-site, age-restricted mobile home park located in the heart of Paradise, Butte County with attractive seller financing available. The community is currently 83.3% occupied, with a unit mix consisting of 19 tenant-owned RVs, 1 community-owned mobile home designated as the office and managers quarters, and 4 sites. The park is fully permitted by HCD for 24 mobile home sites, offering the opportunity to convert existing RVs to manufactured homes for enhanced stability and upside. This turnkey asset features new utility infrastructure and is professionally managed by an on-site manager, providing operational efficiency. The community operates on municipal water and private septic system (partial replacement), while PG&E supplies direct-billed electric and gas to tenants. Currently, ownership covers water, private septic/sewer, and trash expenses; however, there is a clear path to implement a utility bill-back system. Importantly, there is no rent control in Paradise, and current rents are below market, creating rent growth potential for a new investor. There is a 0.32-acre adjacent parcel available for sale at $40,000 with Paradise Irrigation District water & septic available, presenting an opportunity for expansion. Strategically located at 1080 Pearson Rd, Forest Glen MHP enjoys proximity to both everyday essentials and regional attractions. Downtown Paradise and local retailers are just minutes away, with the fire station located directly across the street. The surrounding region offers abundant outdoor recreation, including hiking, fishing, and boatin
Location
State CA
County Butte
Zoning Seller
Direction On the left after Newland Road turns into Pearson Road.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Restrictions Other/Remarks
Tax ID 054151060000
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Listed by Timothy Ryan Avine Real Estate
