About the Listing OC21149 - OCRYANTIM

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 manager’s quarters, and 4 sites. The park is fully permitted by HCD for 24 mobile home sites, offering the opportunity to convert existing RV’s 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 boating at nearby Lake Oroville and Feather River. Chico is a 25-minute drive northwest, providing access to a major university, healthcare centers, and a broader employment base. The community's location strikes an ideal balance between small-town living and accessibility to urban amenities, enhancing its long-term desirability for residents and stability for investors. Reach out directly to receive the offering memorandum. Please do not visit, drive through, call, or disturb the property without prior approval from the listing broker.

Listing Highlights for 1080 Pearson Rd

Listing Location