$319,000
SHORT-TERM RENTAL DEVELOPMENT OPPORTUNITY | MULTI-UNIT POTENTIAL Value-add investment opportunity with 3 existing units and additional development potential (buyer to verify grandfathering and expansion options). Property is prepped for development with improvements already completed: • Graded lot • Tree removal completed • Utilities in place (septic, well, electricity) Ideal for building a high-performing short-term rental, with projected gross revenue potential of ~$80K+ annually upon stabilization (based on market comps). Investment Highlights: • Multiple income streams (3-unit configuration) • STR-friendly setup with strong revenue upside • Significant tax advantages through depreciation and cost segregation strategies • Value-add through new construction and site optimization Partnership Opportunity Available: Seller open to 50% equity partnership (~$160K buy-in + development costs) for qualified investors seeking an active STR project. Perfect for investors looking to offset W-2 Income and own stable assets. Call for more detailed information.
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Listed by Wyeth Bothwell with EXP Realty of California Inc. (888) 584-9427
Property Type
Manufactured On Land
Status
Active
MLS Number
MP26077218
Year Built
1972
Lot Size
5.32 acres