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21581 Phoenix Lake Rd
Sonora, CA 95370

$1,150,000 USD

Land For Sale  •  3.6 AC

Property Details

• Property Type Land
• Lot Size 3.6 AC
• Zoning R-3

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Highlights

A utility conversion is paid for and underway to transition electric and gas to direct billing, significantly reducing operating expenses

Income is generated from park-owned homes, mobile home lots, and a single-family residence, reducing reliance on any single unit type

Located in a high-barrier market near Yosemite, benefits from strong housing demand.

A total of 9 park-owned park model homes included in sale, in good condition.

The property generates $73,916 in NOI at a 6.43% cap rate, offering investors stable yield.

Allows for multi-family residential use with open space flexibility, and potential future development.

Property Flyers

Hemmingways Retreat OM _1_