Current Use by Public Records
- Mobile home & RV parks
Property Details for 28 A And B Tarman
- Year built
- 2005
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional investment opportunity presents a well-maintained multifamily property located in desirable Cloverdale, California. The property comprises a four-unit complex, including a duplex built in 2005 and renovated in 2024, situated on a permanent foundation. Additionally, a converted garage provides a studio apartment, and a separately rented RV space with sewer and water hookups contributes to the property's income stream. The property boasts a total of 1,796 square feet and sits on a lot identified by APN 001-310-043. Currently operating as a stabilized investment, the property enjoys a strong 6.73% capitalization rate, generating a net operating income (NOI) of $47,040. All four units are currently occupied by tenants who desire to remain, reflecting the robust rental market in Cloverdale. The property is zoned for residential use and presents a rare blend of apartment and RV park income streams. This turnkey investment is ideal for those seeking a stable, high-yield return in a thriving California market. The property's strong performance and high occupancy rates make it an attractive proposition for both seasoned and new investors. The 2024 renovation ensures the property is in excellent condition and ready for immediate income generation. This is a unique opportunity to acquire a well-positioned, income-producing asset in a desirable location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cloverdale
- County
- Sonoma
- State
- California
- Longitude
- -123.017
- Latitude
- 38.7964
