P i n e G r o v e

MHRV Advisors		Mobile Home Parks For Sale & Financing Loans
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For Sale

P i n e G r o v e M H P

Pine Grove

Clean Nor-Cal MHP	♦ $3,750,000 - Clean MHP
Mostly Doublewide Homes	♦ No Rent Control
City Water / Direct Bill G&E	♦ City Water, Brand New Septic System
FOR SALE	♦ Existing $1.3m Loan

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All Listings Summary

MHRV ADVISORS: Northern California park in Paradise! Centrally located near Schools, Churches and the cities biggest shopping center. 78 space with a beautiful pool, clubhouse, laundry facilities all set amongst a park like setting with large trees and greenbelt around the clubhouse and pool. The park is on City Water and has a brand new state of the art sewer septic system that was replaced in 2007. Gas and Electric are directly bill by utility company to residents. Water is sub-metered and trash is also billed per month. Space rents in the park are $355 to $400.

Owner has been purchasing homes in the park and rehabbing them for sale with great success. The park has 4 vacant spaces and owner expects 2 of them to be filled in the coming months. There are currently 2 park owned homes available.

Paradise is know as a retirement community with some residents commuting down the hill to nearby Chico. Paradise and its neighbor Chico have been ranked as one of the top Green Cities in the country.

Existing loan of approximately $1,300,000 at 7.2% can be paid off or assumed.

Please do not contact property manager or tenants. All visits must be approved by MHRV Advisors prior to visit.

MHRV Advisors fully cooperates and openly encourages broker and agent participation on all of our listings.

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Please do not contact property manager or tenants, contact MHRV Advisors before any visit.

THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND ALL OTHER INFORMATION CONTAINED HEREIN.

The information contained herein has either been given to us by the owner or the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket and other factors which your tax advisor and/or legal counsel should evaluate.

Vince Reynolds

Norman Sangalang

Mobile Home Park Broker Vince Reynolds