821 St Marks St, Redding, CA 96003
$2,320,000
Property Type:
Comm/Industrial
Square Footage:
592
Status:
Closed
Current Price:
$2,320,000
List Date:
2/02/2022
Last Modified:
8/31/2024
Description
RARE FIND..33 Space, 55+MOBILE HOME PARK on a 9.28 Acre Lot that includes adjacent 2.94 Acre Lot. Extraordinary ''VALUE ADD'' With Upside Potential. Possibly Additional recreation or expansion with this adjoining parcel. APN 113-270-008 & 113-270-005. Both Parcels are being offered as a PACKAGE DEAL.
Quiet, NEW GATED ENTRY, Well Maintained Park with fresh paving and Low Maintenance grounds near Lakes and Shopping with additional RV Parking available.
Rent Rolls, Income and Expense, Schedule of Rental Increases AVAILABLE UPON REQUEST.
Approximately 6% ROI
Seller to do a 1031 Exchange.
More Information MLS# 22-434
Address Information
Street Number: 821
Street Name: St Marks St
Cross Street: Lake Blvd
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Current Price: $2,320,000
Area: 01 - NW Redding
List Price: 2295000
Parcel Number: 113-270-008
Sq Ft - Building: 592
Lot Dim or Acres: 9.28Acres plus 2.94Acres
GP Zone: Unknown
Zoning: See Remarks
Year Built Desc: 30+
Remarks
Public Remarks: RARE FIND..33 Space, 55+MOBILE HOME PARK on a 9.28 Acre Lot that includes adjacent 2.94 Acre Lot. Extraordinary ''VALUE ADD'' With Upside Potential. Possibly Additional recreation or expansion with this adjoining parcel. APN 113-270-008 & 113-270-005. Both Parcels are being offered as a PACKAGE DEAL.
Quiet, NEW GATED ENTRY, Well Maintained Park with fresh paving and Low Maintenance grounds near Lakes and Shopping with additional RV Parking available.
Rent Rolls, Income and Expense, Schedule of Rental Increases AVAILABLE UPON REQUEST.
Approximately 6% ROI
Seller to do a 1031 Exchange.
Directions: Interstate 5 north to 299E exit, turn left, turns into Lake BLVD Past Raleys Shopping Center to St Marks St. Turn Right park has a gated entry at end of street
Contract Information
Status: Closed
Sold Date: 2022-03-21
Under Contract Date: 2022-02-05
Sold Price: $2,320,000
List Date: 2022-02-02
Parking
# Private Spaces: 33
Financial Info
Complete Package: Yes
Property Features
Business Type: Mobile Home Park
Present Use: Mobile Home Park
Parking: Common
Sale Inclusions: Land
Available Terms: 1031 Required; All Cash to Seller; Cash; Cash to New Loan; Submit
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash
Listing Office: RE/MAX Five Star
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.