27160 Vista Rd
Helendale, CA 92342
Mission Villas · Multifamily Property For Sale · 23 Units

These 23 units are in the planned unit development known as Silver Lakes and are located in Helendale, California. Silver Lakes offers a Vacation where you Live' lifestyle, consisting of two lakes totaling 277 acres for boating, fishing, swimming, a 27 hole championship golf course, RV Park, Equestrian Center and a 20,000 square foot Clubhouse with tennis courts, pool, gym, library, meeting and event halls, all of which are available to your tenants. At Silver Lakes most homes front on the lakes or golf course. The development allows private docks and boat access to the residents with additional access points, launching ramps and beaches to use and enjoy the lakes. Silver Lakes was the last private lakes of this size to be permitted in California. These 23 units were originally developed in the early 1980’s when Silver Lakes began to develop but were completely rebuilt by the Seller from 2008-2010. Each unit features two master bedroom suites with separate bathroom, enclosed shower and tub in one suite and walk in shower in the other. Open kitchen area, with stainless steel appliances and granite throughout the units. All units are fully furnished. Most units have two covered carport parking spaces, but two units have a detached two car garage. Low maintenance desert landscaping. The owner will carry with a 1/3 down payment in cash or acceptable tradable equity. The buyer' s cash down payment is the only qualification for the seller carry back first trust deed of $1,663,333.34. Seller is offering to finance the balance at 6% interest only, with monthly payments of $8,316.67 all due and payable at 72 months. Financing may be extended through negotiation at end of term.