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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Sean Griffin, DRE #01466508 • Agency One Real Estate

$6,000,000

Est. payment - /mo

5 Beds

4 Baths

25,000 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 25,000 sqft

Price per Sqft $240

MLS Listing ID ML82041267

Bedrooms 5

Full Baths 4

Year Built 1958

Lot Size 11.286 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Excellent opportunity to own this carmel river front 46 unit mobile home park(state permit allows for 4 more units) with 5 additional homes on site and 1 Fire Station. 52 total units. Potential for 56. State permit for park allows for 50 mobile homes/RV's and currently the park has 46 mobile homes/rv's. There are 4 cabins all fully rented and a vacant Bar/Tavern with plans to convert to an ADU which should rent for an additional $2700 per month. Bar/Tavern exterior in great shape. Fire station is on a long term lease and is operated by Cachagua Fire Department. The park features a gated entrance, paved asphalt roads throughout park, security cameras, laundry room with 2 new washers and 2 new dryers, vending machine room(no vending machine included), solar lighting, a 40,000 gallon water storage facility and well with brand new well pump, well motor and new backup generator, 4 storage buildings, riverfront beach, volleyball court and BBQ area. Rent is due to be increased now by the new buyer. Priced at a 7.1% Cap Rate at current rents! This is truly a remarkable investment property with plenty of value add opportunities remaining to get to an 8%+ Cap!

Location

State CA

County Monterey

Area Upper Valley, Cachagua

Zoning MDR/5

Interior

Heating Central Forced Air, Electric, Fireplace , Propane

Cooling Ceiling Fan, Central AC

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Common Parking Area, Guest / Visitor Parking, Off-Street Parking, Room for Oversized Vehicle, Uncovered Parking

Garage Spaces 80.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Propane On Site

View Forest / Woods, Garden / Greenbelt, Mountains, River / Stream

Roof Type Other

Building

Lot Description Grade - Level

Foundation Concrete Slab, Post and Pier, Other

Sewer Existing Septic, Septic Standard

Water Well

Others

Tax ID 418-261-046-000

Special Listing Condition Not Applicable

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18842 Cachagua RD Carmel Valley, CA 93924