HARRI5, 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).
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