Remarks

Extremely Unique Property on Cloverlawn Drive with Excellent Income & Potential for more. This Property is zoned R1-12 for Residential Use, but currently is owned & operated by the Clovercrest Community Water System LLC. Currently serving 30+ Users, the Water Right for this Property allows for up to 90 Users! User fees are paid on a Flat-Fee Monthly Basis, have not gone up for 10 yrs, & are due for a Rate Increase. Two High Producing Wells are on-site. The 43,000 Gallon Tank serving the System is on a nearby parcel. All Access Easements and User Agreements are in place. Also, there's a Newer 30'x30' Shop Building with 12' Doors, & a Rented Mobile that pays $297/Month. This Property is listed at a Cap Rate of approx. 9% based on the projected User Rate Increase. Huge Perpetual Income Potential here from several Income Stream Sources, including a possible 60 more Users. Mobile available to purchase for addt'l cost. Listing Office has Numerous Documents on file for Serious Buyer.

Details

MLS#: 52934076
Price: $249,500

Style: Vacant Land

County: Josephine
Lot Size: 41382

School Elementary: JO Fruitdale
School Middle: JO Lincoln Savage
School High: JO Hidden Valley