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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
