19558 Gregory, Lake Head, CA 96051

$450,000
Sold Price
$450,000
List Price
$449,900
Status
CLOSED
Closing Date
Nov 22, 2021
Days on Market
27
MLS#
21-5082
Subtype
Residential Income
County
Shasta
Subdivision
N/A

Property Description

Amazing INCOME PRODUCING property with LOTS OF POTENTIAL near Shasta Lake! Current monthly income is $3200. This property features a main house with 3 bedrooms and 2 baths, 4 separate cabins that are 1 bedroom and 1 bath, 3 RV spaces and a shop all perfectly situated on 4 separate parcels totaling 10.57 acres. Tugwell recently replaced several roofs and seller has been working on improvements. In January the monthly income will be increased to $3450, for a total annual income of $41,400. And it is estimated future projected cap rate of 5.1% in January. The opportunity with the undeveloped parcel is to possibly add improvements to increase income.

Additional Information

Days on market
27
Year built
1958

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Calculator source: Real Geeks

Listing courtesy of Josh Barker Real Estate. Selling Office: Big Valley Properties.