ActiveResidential · sale

130 Gilmore Road

Red Bluff, CA 96080

$3,100,000

  • 13.05 acres
  • Built 1973

Listed by Avine Real Estate · MLS #OC26102484

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1973.

Property size

13.05 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Red Bluff RV MH Village is a 68site allage manufactured housing and RV community located in Red Bluff within Tehama County in Northern California The property is offered at an asking price of 3100000 and consists of approximately 1305 acres across five separate parcels The community is approved for 74 MH and RV sites and currently operates with 68 sites as 6 RV spaces were combined to create larger RV sites The current site mix consists of 18 manufactured home sites 31 RV sites and 19 vacant sites presenting a significant infill and valueadd opportunity through future occupancy growth The property currently operates at approximately 72 occupancy while nearby manufactured housing and RV communities report occupancy levels near 96 supporting the potential for future leaseup and rental growth Current average rents are approximately 623 per month for manufactured home sites and 564 per month for RV sites The vacant sites are utilityready and available for immediate occupancy creating an opportunity for increased revenue through the placement of additional manufactured homes or RVs Red Bluff RV MH Village benefits from a strategic location just off Interstate 5 and minutes from downtown Red Bluff providing convenient access to shopping dining healthcare and employment centers throughout Northern California The community is serviced by city water and sewer utilities with water currently mastermetered and paid by ownership while sewer service is billed back to tenants through flat monthly fees Electricity and natural gas are individually submetered and billed back to tenants based on usage while trash service is provided through onsite commercial bins and billed to tenants through flat monthly fees The property also benefits from onsite management with the manager residing in a parkowned home within the community and overseeing daytoday operations utility management and general property maintenance The combination of belowmarket occupancy vacant utilityready sites excess land and operational upside positions Red Bluff RV MH Village as a valueadd investment opportunity with the potential for future revenue growth and increased operational efficiencyPlease do not visit drive through call or disturb the property or its residents without prior approval from the listing broker

THE NEIGHBORHOOD

Explore the location.

130 Gilmore Road, Red Bluff, CA 96080

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1973
Garage spaces
0
Utilities
ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Pool
No
Pool features
Community
Parcel
041193022000
Annual property tax
$30,985.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$12,916.67
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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130 Gilmore Road, Red Bluff, CA 96080 · MLS #OC26102484

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Listing information

MLS #OC26102484 · California Regional MLS

Listing brokerage: Avine Real Estate
Listing agent: Tim Ryan

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.