Derek Harris • 602-803-6227
Manufactured Housing & Commercial Brokerage

Pleasant Valley

Chico
,
California

Pleasant Valley Mobile Estates

HARR15, as the exclusive advisor to the Seller, is pleased to present the opportunity to acquire Pleasant Valley – A 4 Star, +55, 119 Spaces mobile estate ideally located in Chico, Ca.

Pleasant Valley maintains No Rent Control. Average rent: $457 +$30 utility fee, last rent increase of $40/mo., December 2020. The space rent on turnover in 2021 is $595 + $45 Utility Fee and is going up to $625 + $45 Utility Fee. The Seller is reporting 10% Turnover for 2021.

FNME Loan Originated 12/3/2020 to be assumed by the Buyer: $4,650,000, 10 year, I/O, rate 2.78% (Buyer to increase with supplemental Loan).

Property Details

Property Name

Pleasant Valley Mobile Estates

Property Type

Address

1675 Manzanita Ave # 4, Chico, CA 95926

Number of Units

119

GLA

Property Area

Year Built

1972

Parking

Utilities

Septic/City water: tenants pay additional $30 utility fee, which includes water, garbage, septic. (Septic- included in the $30/mo. fee), Electric-PGE metered, billed to each tenant, Gas - PGE billed to each tenant.

Amenities

Pool, laundry room, RV parking, clubhouse, solar powered streetlights installed in 2019, area for car wash, built in late 1960s-early 1970s. 2019 - pool upgraded to code

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