Patty Garrison, DRE#01121864, REALTOR®
(805) 471-0680
MLS#ML82041267
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLCarmel Unified
Listing Courtesy of:
Agency One Real Estate
Agency Phone: (831) 262-1955
Associate Name: Sean Griffin
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Patty Garrison, DRE#01121864, REALTOR®
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!
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Heating: Central, Electric, Fireplace(s), Propane
Lot Size: 11.29 Acres
Roof Type: Other
Taxes: $60,000
Year Built: 1958
Feature Descriptions
Days on Site: 12
Lot: Level
Parcel#: 418261046000
Water: Well
Local Schools
School District: Carmel Unified
Listed By / Shown By
Listed By
Agency Name: Agency One Real Estate
Agency Phone: (831) 262-1955
Agent Name: Sean Griffin
Shown By
Agent Name: Patty Garrison, DRE#01121864, REALTOR®
Agent Phone: (805) 471-0680
Agency Title: Farrell Smyth, Inc.
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18842 Cachagua Road | MLS# ML82041267
This commercial property located at 18842 Cachagua Road, Carmel Valley, CA 93924 is currently listed for sale with an asking price of $6,000,000. Cachagua Road is located within the Carmel Unified school district. Search Carmel Valley real estate on pattygarrison.farrellsmyth.com today.