A unique investment opportunity in Mammoth Lakes Ca; 71 Davison St is a deed-restricted, 5-unit affordable housing project, with rents based on Mono County "Area Median Income" (AMI) guidelines. Plans for this 5-unit property are as follows: 4 two-bedroom/one-bathroom/938 sq ft units and 1 five-bedroom/three-bathroom/2,242 sq ft main house. This sale includes all approved building plans, and permits are already on file with the town of Mammoth Lakes. A contractor could start tomorrow! The lot plans include 5 parking spaces, room for a dumpster, and plentiful snow storage. The owner-developer has already completed asbestos removal and much of the demo work. Based on AMI guidelines, this project could potentially gross about $108,000 per year. Please call Gillian Parrish for more information.
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.
