$1,100,000
$1,100,000
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3.25 Acres Lot
SOLD DATE : 06/27/2014
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Mobile Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CC332253
Sold Date 06/27/14
HOA Y/N No
Year Built 1900
Lot Size 3.250 Acres
Property Description
Looking for a solid investment? This Clear Lake Mobile Home Park sits on 3.4 acres and is turn-key. It has 24 mobile home rental space, 533 ft. of beach front, 2 piers, a boat launch and a commercial building. The commercial building consist of a 2 bedroom apartment, 3 smaller rental units and office space all with spectacular views of fabulous Clear Lake. There is also a garage which is used for storage and laundry. The park is being offered with at a 10% CAP Rate. Price also includes $120,000 of accounts receivable which drops the effective price to $980,000 and increases the CAP Rate to over 10.5%. All tenants have leases. Zoned Commercial Resort. Rent roll, leases and other financials are available to qualified buyers. Appointment only..
Location
State CA
County Lake
Area Lckel - Kelseyville
Zoning CR
Interior
Fireplace No
Building
Story 1
Water Public
Architectural Style Mobile Home
Others
Tax ID 04428112
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Bought with James Magliulo • Cps/Country Air