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24609120
24609127

6961 Woodpecker lane, Shingletown, CA 96088

TM
CA 01511306
RE/MAX Top Properties
Listed by RE/MAX Top Properties
$1,500,000
340 days on market
Updated 94 days ago

Pine Ridge Park Estates

Details
APN 703-330-021-000, 703-330-013-000, 703-330-016-000
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Units 26
Cap Rate 7.5%
NOI $112,500
Broker Co-Op Yes
Buildings 14
Stories 1
Acreage 30.350
Zoning PD
Parking Spaces per unit

Mobile Home Park : 12 Pads, plus 14 cabins

Marketing description

Nestled amid serene pine forests just off Highway 44 in Shingletown, Pine Ridge Park Estates is a well-maintained, all-ages mobile home park comprising 12 leased spaces, including two park-owned homes. The park also features 14 charming small cabins spread across approximately 30.35 acres on 3 parcels. Residents enjoy reliable infrastructure with a community water system and septic, recently improved streets with ample parking to each unit, and on-site laundry facilities. Conveniently located just 30 minutes from Redding and under the shade of majestic evergreens, the property also includes passive income from a leased AT&T cell tower. Exciting growth potential awaits, as a recently approved county use permit allows expansion of the mobile home park by up to 15 additional spaces. A recent 3 acre conversion permit was obtained from CalFire to remove timber to allow for the future expansion of the park. This opportunity unlocks the ability to enhance returns and meet regional housing demand. With scope to increase density and income, Pine Ridge Park Estates represents a rare mix of passive income, location value, and scalable upside in Shasta County’s rural market.

Investment highlights

Nestled amid serene pine forests just off Highway 44 in Shingletown, Pine Ridge Park Estates is a well-maintained, all-ages mobile home park comprising 12 leased spaces, including two park-owned homes. The park also features 14 charming small cabins spread across approximately 30.35 acres on 3 parcels. Residents enjoy reliable infrastructure with a community water system and septic, recently improved streets with ample parking to each unit, and on-site laundry facilities. Conveniently located just 30 minutes from Redding and under the shade of majestic evergreens, the property also includes passive income from a leased AT&T cell tower. Exciting growth potential awaits, as a recently approved county use permit allows expansion of the mobile home park by up to 15 additional spaces. A recent 3 acre conversion permit was obtained from CalFire to remove timber to allow for the future expansion of the park. This opportunity unlocks the ability to enhance returns and meet regional housing demand. With scope to increase density and income, Pine Ridge Park Estates represents a rare mix of passive income, location value, and scalable upside in Shasta County’s rural market.

Listing Contacts

TM
CA 01511306
RE/MAX Top Properties
Listed by RE/MAX Top Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,500.00
$9,375.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Tyler Miranda
License
01511306
Brokerage
Remax Top Properties
Brokerage Phone
530-527-1111
Title
Real Estate Broker
Brokerage Address
605 Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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