14216 Bear Mountain Rd | Redding, CA 96003
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- LoopNet Team
14216 Bear Mountain Rd
Redding, CA 96003
North Redding RV Village · Multifamily Property For Sale
·
1,500 SF
INVESTMENT HIGHLIGHTS
- Financing – Seller financing is being offered with an amount of $1,000,000, 5.5% interest only rate, and 5 year term with $400,000 down payment.
- Expansion Opportunity – HCD Permitted for 97 sites: 2 MH, 76 RV w/ drain, 19 RV without drain. Current use is 64 RV, 2 MH, 4 POH-Cabins, 1 House
- Price per Site – Offered for $19,718 per site, almost 50% lower than the comparable set average of $38,781.
- Infill Opportunity – 43 vacant sites and 1 vacant site built home in need of repairs present the opportunity to increase occupancy by infill.
- Below-Market Rents – The current average RV space rent is $494, more than 40% lower than the comparable set average of $851.
- Land Area – 50+ acre property presents the opportunity for additional amenity space, site expansion, and storage.
PROPERTY FACTS
| No. Units | 71 | Building Size | 1,500 SF |
| Property Type | Multifamily | Average Occupancy | 38% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Building Class | C | Year Built | 1967 |
| Lot Size | 50.53 AC | ||
| Zoning | C-R - Commercial Recreation | ||
| No. Units | 71 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 50.53 AC |
| Building Size | 1,500 SF |
| Average Occupancy | 38% |
| No. Stories | 1 |
| Year Built | 1967 |
| Zoning | C-R - Commercial Recreation |
AMENITIES
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Pool
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | 306-250-028-000 | Improvements Assessment | $526,607 |
| Land Assessment | $273,408 | Total Assessment | $800,015 |
PROPERTY TAXES
Parcel Number
306-250-028-000
Land Assessment
$273,408
Improvements Assessment
$526,607
Total Assessment
$800,015
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