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    24001 S Hwy 1

    Point Arena, CA 95468
    • $2,530,000
    • STATUS: Active
    • ON SITE: 239 days
    • ID#: 22002140
    UPDATED: 8 min ago
    $2,530,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,784
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:
    Area:

    School Ratings & Info

    Description

    Rental Income Investment with possibility for further development. Rentals are in high demand in the area and has resulted in highly qualified tenants. Four parcels a total of 4+/- acres with eight detached single family manufactured home rental units on new city street. Four 2bd/2 ba, Four 3 bd/2ba. Bringing in $14,400 monthly gross rent. Each unit has private asphalted driveway, fenced yard, trash/utility enclosure, and covered front porch. Located in the City of Point Arena, next door to CAL-Fire station, within easy walking distance of both the elementary and high schools, less than 5 minute drive to the pier, restaurants, movie theater, several beach accesses and public hiking trails.

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    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or W Real Estate | Luxury Team. Data last updated: 2020-10-01T18:56:08.037.
    www.buywinecountryproperties.com/homes/102912631
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    24001 S Hwy 1 Point Arena, CA 95468

    • Price: $2,530,000
    • Status: Active
    • Updated: 8 min ago
    • ID#: 22002140
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,784
    SQFT
    $288
    $/SQFT
    2019
    Built
    Neighborhood:
    Point Arena
    County:
    Mendocino
    Area:
    Point Arena
    Property Description
    Rental Income Investment with possibility for further development. Rentals are in high demand in the area and has resulted in highly qualified tenants. Four parcels a total of 4+/- acres with eight detached single family manufactured home rental units on new city street. Four 2bd/2 ba, Four 3 bd/2ba. Bringing in $14,400 monthly gross rent. Each unit has private asphalted driveway, fenced yard, trash/utility enclosure, and covered front porch. Located in the City of Point Arena, next door to CAL-Fire station, within easy walking distance of both the elementary and high schools, less than 5 minute drive to the pier, restaurants, movie theater, several beach accesses and public hiking trails.
    Exterior Features

    Carports 0 Exterior Wood Siding Foundation Construct Cc Perimeter Garages 0 Height Limit Unknown Location Coast Lot Description Level On Site Parking Off StreetUncovered Open Uncovered Spaces 0 Roof Composition Rv Boat Spaces 0 Type 1 Story Underground Spaces 0

    Interior Features

    Heat Cool Wall Furnace

    Property Features

    1 Bdrm Ann Occupancy 0.00 1 Bdrms Occupied 0 1 Bedroom Rent Range 0 1 Bedrooms 0 2 Bdrm Ann Occupancy 100.00 2 Bdrms Occupied 4 2 Bedroom Rent Range 1700 2 Bedrooms 4 3 Bdrm Ann Occupancy 75.00 3 Bdrms Occupied 4 3 Bedroom Rent Range 1900 3 Bedrooms 4 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Actual Auction No Cap Rate 5.00 City Transfer Tax No City Transfer Tax Rate 0.00 Comm Units Rent Rang 0 Commercial Units 0 Common Int Dev No Est Insurance Exp 5270.00 Est Maintenance Exp 7200.00 Est Management 6566.00 Est Misc Expenses 0.00 Est Net Income 127002.00 Est Taxes 23562.00 Est Total Annual Exp 45798.00 Est Utilities Exp 3200.00 Expense Source Owner Furnished Units 0 GRM 14.64 Gross Scheduled Inc 172800.00 Guest Spaces 0 Laundry Appliance W/D Hookups Lease Deposit 0.00 Lot Size Source (Not Verified) Monthly Expenses 3816.50 Monthly Income 14400.00 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc InsuranceMaintenanceManagementTaxes/Assessments Planned Unit Develop No Separate Meters ElectricityWater Sewer Septic Sewer Public Square Footage Source Owner Studio Ann Occupancy 0.00 Studio Rent Range 0 Studios 0 Studios Occupied 0 Tenant Pays Cable TvElectricityGarbageWater Transaction Type Sale Water Source Water-Public Year Built Source Owner Zoning Highway Commercial

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Jami Sundstrom of Keller Williams Realty.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or W Real Estate | Luxury Team. Data last updated: 2020-10-01T18:56:08.037.
     
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