11700 Donner Pass Rd 25 Unit Mobile Home Park $7,503,070 CAD ($300,123 CAD/Unit) 6.79% Cap Rate Truckee, CA 96161

With direct street frontage on Donner Pass Road, Sunset Inn posses to make for an ideal site for future development, while producing a stabilized return in the shot term. Current ownership structure places 92% of the units under owners control; allowing for ease of future development with high stabilized yield in the mean time. This property has benefited from 16 new modular homes in 2018 with all building units renovated in 2020-2024. Current tenant structure is for the most part; 1 year leases, some of which had turned to month to month. Rents have room for appreciation, as well as the ability to convert to natural gas and decrease expenses.
This is a one of a kind offering, whether you are looking for long term housing in the N Lake Tahoe region, a stable investment or a future development site; this property checks all the boxes. Assets like this do not come available often, this is the only multifamily property currently available, with greater than 8 Units, in all of North Lake Tahoe/Truckee!
You are encouraged to reach out with any questions or for potential site visits! Please visit the data room for current OM and rent roll, P&L available on request basis, for serious parties.