This Multifamily Property is Off-Market.

5830 Robin Hill Dr.
Lakeport, CA 95453 ·

67 Spaces · Multifamily For Sale

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Sterling Shore Estates

Price N/A Property Use Type Investment
No. Spaces 67 Occupancy 100%
Property Type Multifamily Lot Size 28.15 AC
Property Sub-type Mobile Home/RV Community
Listing ID: 17565000 Date Created: 03/08/2012 Last Updated: 05/16/2012

Description

PART OF A 3 PROPERTY PORTFOLIO - Properties may be purchased individually, or as a portfolio.

REDUCED PRICE: OFFERS DUE BY MARCH 30th, 2012

Rare opportunity to acquire high quality 55+ community with mostly multi-section homes and lake views on California's largest fresh water reservoir.

Community should qualify for the very attractive non-recourse financing at historically low rates through Fannie Mae.

Park has approved plans for 7 Double Wide expansion lots and room for considerable addition expansion in existing storage lot.

All revenue producing sites are owned all cash or are third party financed - there are no notes required to be purchased with the real estate.

Third party home lenders still active in the area.

Amenities include swimming pool, boat launch, pier, clubhouse with billiards, RV storage, and laundry facility.

Public utilities and no rent control.

100% leased park with 100% occupancy for over 5 years.

Located in scenic Lake County along the banks of the beautiful Clear Lake, Sterling Shores Estates is situated within North Lakeside, a small quiet community only 120 miles Northwest of Sacramento, and just 72 miles North of the city of Santa Rosa.

Clear Lake is the largest natural freshwater Lake in CA, and is believed to be the oldest lake in the country. It is a very popular tourist destinatino and offers a variety of activities including world class fishing. It has been dubbed the "Bass Capital of the West."

Lake County has a meditteranean style climate with four moderate, yet distinct seasons. It also boasts the cleanest air in California, as certified by the State's Air Resources Board.

The county also has a rapidly expanding wine culture, as the number of vineyards are growing at a steady pace.

North Lakeside is also home to the Sutter Lakeside Hospital, a high quality 25 bed medical center that services most of the county.

Research

5830 Robin Hill Dr., Lakeport, CA 95453 (Lake County)

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