List Search

21581 Phoenix Lake Rd
Sonora, CA 95370

$995,000 USD

Land For Sale  •  3.6 AC

Property Details

  • Property Type Land
  • Lot Size 3.6 AC
  • Zoning R-3/O
10 Walk Score

Highlights

Utility Conversion Underway: Fully funded conversion to direct-billed electric and gas, reducing expenses and increasing future NOI.
$500K in POHs Included: Nine well-maintained park-owned homes included in the sale.
SFR + Separate Parcel: Included SFR on a ±2.1-acre R-3/O parcel with potential resale or development upside. Buyer to verify.
Diversified Income: Revenue from POHs, tenant-owned home sites, and the single-family residence.
Strong In-Place Income: The property generates $75,536 in NOI at a 7.59% cap rate, providing stable cash flow from day one.
Yosemite Corridor: Located in a supply-constrained market near Yosemite with strong demand for affordable housing.

Property Flyers

Pierce Brazil 209-444-6651 Commercial Real Estate Investors Inc
Pierce Brazil 209-444-6651 Commercial Real Estate Investors Inc