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21581 Phoenix Lake Rd - Hemingway's Retreat 3.6 Acres of Commercial Land Offered at $995,000 in Sonora, CA 95370
Investment Highlights
- Utility Conversion Underway: Fully funded conversion to direct-billed electric and gas, reducing expenses and increasing future NOI.
- SFR + Separate Parcel: Included SFR on a ±2.1-acre R-3/O parcel with potential resale or development upside. Buyer to verify.
- Strong In-Place Income: The property generates $75,536 in NOI at a 7.59% cap rate, providing stable cash flow from day one.
- $500K in POHs Included: Nine well-maintained park-owned homes included in the sale.
- Diversified Income: Revenue from POHs, tenant-owned home sites, and the single-family residence.
- Yosemite Corridor: Located in a supply-constrained market near Yosemite with strong demand for affordable housing.
Executive Summary
13-unit all-age manufactured housing community in Sonora, California.? The sale includes two parcels: an approximately 2.1-acre R-3/O-zoned parcel improved with a single-family residence that may be sold separately at market value, and a second parcel containing the manufactured housing community, including approximately $500,000 in park-owned homes.? Buyer to verify.?
The unit-mix consists of 9 park-owned homes, 3 tenant-owned homes, and 1 single-family residence, generating $73,916 in NOI.? A fully funded utility conversion to direct-billed electric and gas is currently underway, Completion is expected around early 2027.? reducing expenses and increasing future NOI.? Located along the Yosemite corridor, approximately 60 mins from Yosemite National Park and 1 hour from Modesto.?
Hemingway’s Retreat offers stable income, multiple revenue streams, and clear upside.?
The unit-mix consists of 9 park-owned homes, 3 tenant-owned homes, and 1 single-family residence, generating $73,916 in NOI.? A fully funded utility conversion to direct-billed electric and gas is currently underway, Completion is expected around early 2027.? reducing expenses and increasing future NOI.? Located along the Yosemite corridor, approximately 60 mins from Yosemite National Park and 1 hour from Modesto.?
Hemingway’s Retreat offers stable income, multiple revenue streams, and clear upside.?
Property Facts
| Price | $995,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.60 AC |
| Property Type | Land | ||
| Zoning | R-3/O - Residential R-3 | ||
| Price | $995,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.60 AC |
| Zoning | R-3/O - Residential R-3 |
1 Lot Available
Lot
| Price | $995,000 | Lot Size | 3.60 AC |
| Price Per AC | $276,388.89 |
| Price | $995,000 |
| Price Per AC | $276,388.89 |
| Lot Size | 3.60 AC |
13-unit all-age MHC in Sonora with 9 POHs valued at ~$500K, plus an SFR on a separate ±2.1-acre R-3/O parcel that may be sold separately. Utility conversion underway. $75,536 NOI, 7.59% cap rate, and strong upside near Yosemite. Buyer to verify.
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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21581 Phoenix Lake Rd - Hemingway's Retreat
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