$11,500,000

450 Gladycon Road Colfax, 95713

28.0 Acres

Shady Glen Estates is a well-established, senior-only mobile home park spanning 28.82 acres. This well-maintained community features 117 home sites, some with paved driveways and garages. Ideal for an active lifestylejust 5 minutes to Rolings Lake and about an hour to Lake Tahoe. Developed between 1966 and 1980, the park blends modern amenities with spacious layouts, creating a high-quality living environment. It includes 16 storage sites, an office building, and a maintenance shop, plus recently remodeled features such as a clubhouse, pool, and laundry facilityenhancing convenience and appeal for residents. With a low-density design of 4.09 sites per acre, the park offers a peaceful, spacious setting tailored to seniors. Infrastructure upgrades are underway, with the park currently transitioning to city water. Future plans to connect to city sewer, supported by grant funding, will further increase long-term value and efficiency. Located in the growing community of Colfax, Shady Glen Estates benefits from strong regional demand, proximity to key amenities, and a stable age-restricted tenant base. This is a rare opportunity for investors to acquire a high-performing, value-add asset in a desirable market.
Primary
Property Subtype:
Mixed Use
# of Units:
117
Acres:
~ 28.0
Lot Square Footage:
1,219,680
Year Built:
1966
Community
County:
Placer
Zoning:
RM-DC
Features
Air Conditioning:
Central
Floor Covering(s):
Other
Garage:
None
Exterior
Construction:
Other
Roof Description:
Shingle
Utilities
Domestic Water:
Treatment Equipment, Water District
Electric:
3 Phase
Heat:
Central
Irrigation Water:
Private District
Utilities:
Propane, Other
Listing
Listing Number:
560803274
Listing Office Name:
eXp Realty of California Inc.
Listing Agent First Name:
Amir
Listing Agent Last Name:
Cackovic

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Listing information last updated on May 11, 2025, 6:41 pm PDT