71 Davison Rd, Mammoth Lakes, CA 93546

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.