Forest Springs MH Community

Property Description:

Rare opportunity to purchase an original, family built, 5 star, and 55+ manufactured home community in the gold country foothills area of Grass Valley between Sacramento and Lake Tahoe. 372 large mobile home sites with very reasonable rent levels at $691-$895 plus submetered 100 amp and 200 amp electric, propane gas, water, and flat rate sewer, cable TV, and landfill. All month to month rental agreements with January 1st rent increase anniversary date. No rent control. 62 sites. Phase 4, built in 2018. Currently in the middle of filling, seller will continue to handle sales and completion and guarantee vacant sites rent for three years. Very low density on 116 acres and beautifully maintained and landscaped. You could never build this irreplaceable MH community today. Older ranch house, two manager homes, and three park vehicles included. Amenities include a 6,460 square feet clubhouse building, pool, and spa. 2½ and 1½ acres commercial parcels split by access road also for sale for $700,000