Income-Investment Property For Sale in Redding and Northern California

As of today, 97 residential income properties are listed in the Shasta Association of Realtors. Prices start below $100,000…some of the lowest ever for income-investment properties in our area. We just opened an escrow on one of these at $100,000 and we are doing a high loan to value loan…in some cases, you can get in for as low as $10,000, as some seller carry back is possible. E-mail me for details, photos, etc…. ronlargent@kw.com www.ronlargent.com

Here is one of those properties descriptions….from the MLS.

3 units on one lot which include the main house at 1200 Grange, 2930, and 2932 Favretto. Bank Owned Property – Buyer to do any and all verifications/inspections they deem necessary. All information stated is from parcelquest/past MLS listings. Information has not been verified.
The properties range from the $100,000 range up to above $2 million…so lots of choice. This is a great time to buy an investment-income property in the Redding area. Give me a call today.


…here is a look at one of the current listings. Not bad.

Mobile Home Parks for sale in California

The Victorian Village Senior Mobile Home Park located in the historic town of McCloud, CA at the base of majestic Mount Shasta in Northern California, is offered for sale with two options for the qualified buyer.

The basic Park was built four (4) years ago with all utilities and services to all 43 mobile home spaces. To date, eight (8) spaces have been rented, and tenants have brought in impressive manufactured homes placed in the spacious locations throughout the Park. The Park is a classic upscale Senior Park, so the tenant units are very impressive.

All improvements for the entire Park are in place, including a complete sprinkler system for the landscaped open areas, and features a gazebo for small group gatherings. The paved streets winding through the Park allows for a great deal of privacy for the residents, as well as giving the feeling of openness as one looks at the majestic mountain in the immediate background.

Proforma for the existing Park would produce a gross income of $216,720; with projected expenses of 35% would produce a Net Income of $140,868. At the offering price of $1,600,000, this would be an 8.8% cap on the investment.

The Park currently is a Planned Development, but the owner is in the process of filing for a subdivision, and the Park can be sold as a 43 lot subdivision upon final approval by the County and State, which is expected in the fall of 2010. The offering price for the subdivision will be $2,300,000, which will feature mobile home lots ready to be sold at just over $53,000 per lot, with all utilities in place and ready to be connected to the individual homeowners.










Should a buyer want to buy the Park in its current condition, and then proceed to complete the subdivision, the current owner would entertain a partnership to complete the project.






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Possibly

Just Listed Mobile Home Park in Clear Lake, CA

Just listed at $899,000…..beautiful lake front mobile home-RV park right on Clear Lake. Amenities include a dock, fishing platform, boat launch, beach, coin laundry, group showers. Also includes 3 cottages, and a 3/2 home rented all year round….and the owners home, a 3/2 lovely home right on the water. This is clean and neat mobile home park with mature trees, and located right next to the upscale World Mark Resort on Clear Lake. Park is actually located in Nice, CA…which is at the north end of Clearlake, and right on Highway 20. Clear Lake can be reached from Interstate 5 using Highway 20, or through the Napa Valley from the south or directly from Highway 101 on the Coast. This area is a Resort area and retirement area, but the park is a year round park with permanent residents. For details, financials, photos, etc…. e-mail to ronlargent@shasta.com or see www.ronlargent.com