7420 Rush Creek Rd - Manufactured Housing/Mobile Housing FOR SALE


Lewiston, CA 96052
$1,195,000 USD
916-303-0133
7420 Rush Creek Rd, Lewiston, CA for Sale
$1,195,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/30
null | 14.89% Cap Rate

7420 Rush Creek Rd
Lewiston, CA 96052


HIGHLIGHTS

  • Assumable Financing with 6 years remaining (due 8/20/31)
  • Hybrid of long-term space income + short-term camp sites.
  • Beautiful and scenic resort style property.
  • Direct connect electrical pedestals, water & septic hook-ups.
  • Recent capex plus renovated bathrooms, showers, office, and game room.
  • Water system is monitored and recently renovated. Upgraded septic system with new lids and distribution boxes.

OVERVIEW

***CAP RATE & GRM are PROFORMA*** *Assumable $500K Loan due in 2031* Flux River Resort a +/-12 Acre retreat along the Trinity River located at 7420 Rush Creek Rd in Lewiston, CA, is a recently renovated community with excellent revenue upside. Originally built in 1970, this retreat property includes per HCD (50) MH spaces, (2) Mobile Homes (POH), (40) camping sites, upgraded laundry room, bathrooms and showers, and a recreational club house. The community offers affordable living with monthly site rents ranging from $550 plus utilities along with camp sites for $45 average daily rate (ADR). This is an ideal lay out where the MH lots can be dedicated to long-term MH/RV residents to generate year round income then substantially increase revenue through the camp sites during the summer vacation months or for overnight stays. In-place all of there are 15 occupied sites are leased to long-term RV residents generating $113,760 gross annual income or $8,480 monthly. RVers. The sites are serviced directly by electrical pedestals (30/50 amp) plus hook-ups for water and septic, meanwhile residents provide their own propane gas. A new owner can utilize an Assumable $500,000 loan making $3,333 interest-only monthly payments with a Balloon balance due in 6+ years or by 8/20/31. Flux River Resort has a huge 14.89% cap rate potential with loss-to-vacancy potential annual rent of +/-$242,760 or $20,230 monthly. The Sellers originally purchased this beautiful property for long-term ownership, however they're out of area focused on other established businesses which are out-of-area. This property has the opportunity to operate at maximum potential with a more hyper focused ownership specializing in RV and Campground ownerships. A new ownership will primarily have to focus on marketing and leasing since the major capex has already been completed to the infrastructure. *LOCATION* Nestled in the scenic countryside of Lewiston, California, the area surrounding the Flux River Resort offers a tranquil retreat for both residents and visitors alike. A new operator will appreciate the proximity to recreational opportunities, including the Rush Creek, Trinity River, and Whiskeytown Lake, perfect for outdoor enthusiasts. A short drive away, Lewiston Lake and Trinity Lake are popular destinations for fishing and boating. The area also boasts charming local businesses, dining establishments, and community events, creating a welcoming and vibrant atmosphere for residents and visitors . With its natural beauty and recreational amenities, the location presents an enticing opportunity for investors seeking to create a resort style thriving community with a mix of long-term residents, campers, and RVers in the Trinity Alps along the river front. Essential Amenities such as groceries or daily needs are available at Lewiston Minimart or Smoke House Market. Sit down food local restaurants are the Lewiston Hotel Bar & Grill, J&J's BBQ, and Mountain Valley Grill. In addition, locals enjoy the scenery by hanging out at a couple local cafes. *Hospital, Medical, and Grocery services are located in nearby Weaverville about a 20 minute drive from the subject property.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$1,388 USD /SF

# OF UNITS

52

PRICE/UNIT

$22,981

CAP RATE

14.89%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flux River Resort RV - MH Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.04 AC

LAND SF

524,462 SF

ZONING

C2

APN/PARCEL ID

025-630-005-000

ASK ABOUT THIS PROPERTY

Adrian Del RioPCG CommercialMore Info
916-303-0133

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Adrian Del RioPCG CommercialMore Info
916-303-0133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.