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.
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
Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Grants Pass Association of Realtors