5471 S Libby Road
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$998,000
5471 S Libby Road
Paradise, CA 95969
MOTIVATED SELLER. Prime Improved Land! This may be the opportunity you are looking for to create impressive income. This age-restricted 55+ property is centrally located and close to Shopping, Restaurants, Schools, fire, and police. Improved with a proposed 54 mobile home spaces, 47 of which have separate meters for gas, electricity. Space dimensions accommodate a mix of triple-wide, double, and single-wide manufactured homes and mobile homes. The current market would support $650 monthly space rent for $421,200 annual gross income, pro forma cap rate 28%. The Town of Paradise zoning TR-1 allows for permitted use as a mobile home park, group home, or elderly community care facilities. The su... Read More
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From Pearson go south onto South Libby
Listing Status: Pending
Please Note:This listing was last updated on 4/19/2024. Please contact us for the availability of this property.
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