Mobile Home Park

Harmony Mobile Home Park

1564 Nord Ave, Chico, CA 95926

Listing Price: $2,070,000

Cap Rate
6.24%
Number of Spaces
29
Lot Size
3.53 acres
Occupancy
100.0%
Price/Space
$71,379
Spaces/Acre
8.22
Year Built
1970

Investment Overview

The City of Chico was founded in 1860 by General John Bidwell and incorporated in 1872. Since then, it has grown to over 33 square miles with a population close to 100,000 people. Chico is known as a well-managed city that values quality infrastructure and services as it has developed into a vibrant regional center for business, recreation and cultural activities. There are also many recreational opportunities in and around Chico. Bidwell Park, one of the largest municipally owned parks in the nation (3,670 acres), is the focal point of the City’s park system and offers numerous trails for outdoor use. Chico has seen once-small businesses grow into iconic brands. R.W. Knudsen juices acquired by Smuckers and Build.com acquired by Wolseley plc. both continue to operate in Chico. Chico has distinct economic centers and opportunity areas to accommodate industry, commercial and retail expansion and location. Additionally, there are many locations for small commercial, professional, retail, service and medical offices throughout the neighborhoods in Chico.

Investment Highlights

  • Rental Upside
  • All Age Community
  • Centrally Located in Chico (117,000 Population within 5 Miles)
  • Direct Billing Gas, Electric, and Garbage
  • Non-Rent Control Market
  • Walking Distance to California State University, Chico
  • No Park Owned Rentals
  • Serviced by City Water & Septic

Exclusively Listed By

Mobile Home Park

Harmony Mobile Home Park

Listing Price: $2,070,000

Cap Rate
6.24%
Number of Spaces
29
Lot Size
3.53 acres
Occupancy
100.0%
Price/Space
$71,379
Spaces/Acre
8.22
Year Built
1970

Investment Highlights

  • Rental Upside
  • All Age Community
  • Centrally Located in Chico (117,000 Population within 5 Miles)
  • Direct Billing Gas, Electric, and Garbage
  • Non-Rent Control Market
  • Walking Distance to California State University, Chico
  • No Park Owned Rentals
  • Serviced by City Water & Septic

Investment Overview

The City of Chico was founded in 1860 by General John Bidwell and incorporated in 1872. Since then, it has grown to over 33 square miles with a population close to 100,000 people. Chico is known as a well-managed city that values quality infrastructure and services as it has developed into a vibrant regional center for business, recreation and cultural activities. There are also many recreational opportunities in and around Chico. Bidwell Park, one of the largest municipally owned parks in the nation (3,670 acres), is the focal point of the City’s park system and offers numerous trails for outdoor use. Chico has seen once-small businesses grow into iconic brands. R.W. Knudsen juices acquired by Smuckers and Build.com acquired by Wolseley plc. both continue to operate in Chico. Chico has distinct economic centers and opportunity areas to accommodate industry, commercial and retail expansion and location. Additionally, there are many locations for small commercial, professional, retail, service and medical offices throughout the neighborhoods in Chico.

Exclusively Listed By

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