11700 Donner Pass Rd - Manufactured Housing/Mobile Housing FOR SALE


Truckee, CA 96161
$5,375,000 USD
508-542-0047
11700 Donner Pass Rd, Truckee, CA for Sale
$5,375,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/22
null | 6.79% Cap Rate

11700 Donner Pass Rd
Truckee, CA 96161


HIGHLIGHTS

  • High traffic count
  • Rare housing offering

OVERVIEW

With direct street frontage on Donner Pass Road, Sunset Inn posses to make for an ideal site for future development, while producing a stabilized return in the shot term. Current ownership structure places 92% of the units under owners control; allowing for ease of future development with high stabilized yield in the mean time. This property has benefited from 16 new modular homes in 2018 with all building units renovated in 2020-2024. Current tenant structure is for the most part; 1 year leases, some of which had turned to month to month. Rents have room for appreciation, as well as the ability to convert to natural gas and decrease expenses. This is a one of a kind offering, whether you are looking for long term housing in the N Lake Tahoe region, a stable investment or a future development site; this property checks all the boxes. Assets like this do not come available often, this is the only multifamily property currently available, with greater than 8 Units, in all of North Lake Tahoe/Truckee! You are encouraged to reach out with any questions or for potential site visits! Please visit the data room for current OM and rent roll, P&L available on request basis, for serious parties.

FOR SALE DETAILS

PRICE

$5,375,000 USD

PRICE/SF

$538 USD /SF

# OF UNITS

25

PRICE/UNIT

$215,000

CAP RATE

6.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

HCD

APN/PARCEL ID

018-600-013-000

ASK ABOUT THIS PROPERTY

Coleman BowenColeman BowenMore Info
508-542-0047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Coleman BowenColeman BowenMore Info
508-542-0047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.