North Redding RV Village 14216 Bear Mountain Rd Immeuble residentiel 71 lots 1 225 742 € (17 264 €/Lot) Taux de capitalisation 10,90 % Redding, CA 96003

North Redding RV Village is a 71-site, all-age community spanning over 50 acres, located in Shasta County, CA. The property is being offered for $1,400,000 ($19,718 per site) with seller financing of $1,000,000 available at an interest only rate of 5.50%, requiring a $400,000 down payment.
North Redding RV Village is currently 38% occupied by long-term tenants; there are 43 vacant sites and 1 vacant site-built house, offering significant upside through home infill. North Redding RV Village is HCD permitted for 97 total sites, presenting the opportunity for expansion. In-place rents are more than 40% below comparable communities, creating strong value add potential through rental increases.
North Redding RV Village is serviced by PG&E for electricity, and a private well and septic system. North Redding RV Village’s entry has asphalt and concrete streets and the resident areas have gravel. There are several amenities at the property including a swimming pool, an office building with laundry and manager’s quarters, and a restroom building. North Redding RV Village also has a site-built house in need of repairs and four park-owned cabins that are rented out to long-term residents.
North Redding RV Village enjoys a scenic location just a 5-minute drive from outdoor recreation at Shasta Lake. The property is also located within 10 minutes of multiple country clubs and an on-ramp for the I-5 Interstate Highway. For major services and employment, North Redding RV Village can access the 90,000+ population, City of Redding within a 20-minute drive.
Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.