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Listed by: Tim Ryan (310) 862-6103 DRE #02097345 | Avine Real Estate (949) 432-4055
$4,995,000
1 Bed
- -- Bath
1,000sqft
25433 South Avenue, Corning, CA 96021
$4,995,000
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Mixed Use
Built in 1953
$-- HOA
8.05 acres lot
$4,995/sq.ft
Description
Woodson Bridge RV Park is a 125-site community, located in Corning, Tehama County, CA and offered at $4,995,000. The Property consists of 110 long-term RV/MH sites, 14 transient RV sites, a 2-bed 2-bath site-built residence with 2-car garage, a convenience store, clubhouse, maintenance garage, and common area facilities including bathrooms, showers, and laundry. The community is income producing with pricing reflecting a 8.87% current cap rate. There is light value-add upside through convenience store income optimization as well as gradual rent and occupancy growth.
98 of the 110 long-term RV/MH sites are occupied at an average site rent of $612 per month, with all o...
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1953
HOA Fees
-
Finished Area
1,000 sqft
Lot Size
8.05 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26117144
MLS Status
Active
Days on Market
89
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