Clearlake water front Multi-Family FOR SALE


Clearlake, CA
$3,200,000 USD
916-778-9659
, Clearlake, CA for Sale
$3,200,000 USD
Multi-Family - FOR SALE
1/30
null | 8.27% Cap Rate

Clearlake water front
Clearlake, CA


HIGHLIGHTS

  • Lake Front with full access and boat launch
  • Manufactured Homes along with cottages and multi family units
  • Huge upside potential

OVERVIEW

This is a project with great upside potential. There are 3 parks that are right next to each other with a total of 5 APN's. Can be combined for approx. 9 acres of useable space. The zoning is for 25 units per acre, There is another park at the end of the street that has spots that just need to be cleaned up and filled with units. Most parks have lake access with a boat launch and docks could be installed. Some have piers and walkways out into the lake. The largest park is pretty much vacant at 4.4 acres ready for your vision of what could be. There are some preliminary drawings for 2 of the parks. Seller would be willing to break them apart with a higher net yield to seller. Seller might be willing to do a carry back of max 50% for term no longer than 5 years.

ASK ABOUT THIS PROPERTY

Joe BartolomeiB & B Real Estate and Investments LLCMore Info
916-778-9659

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Joe BartolomeiB & B Real Estate and Investments LLCMore Info
916-778-9659

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