40 bedroom house for sale

Overview

A larger laundry facility to be added to a separate storage area on lot

LOCATION LOCATION LOCATION. This Cap Rate is unheard of. Location is everything in Big Bear Lake to Succeed... One block to the lake, This beautifully remodeled inside and out themed cabins. Residentially zoned, short-term rental Lodge steps from Big Bear Lake. 5 unit Lodge offering a mix of 3 1-bed/1-bath units 1 2-bed/1-bath unit and 1 3-bed/1-bath unit. All units are separate single family detached homes with separate meters and 2 or more parking spaces per each home. One home has a washer/dryer in it. A larger laundry facility to be added to a separate storage area on lot. Based on the location, the units are occupied 98% of the year allowing a new owner the flexibility to develop larger homes and or more homes with an additional Wedding and Retreat business. This property sits on a corner lot, one block to the lake with a flat half acre lot with multiple trees throughout. Location is everything! Three blocks to Big Bear Lake Village, less than a mile to Snow Summit Ski Resort, half block to Big Bear Blvd. Within walking distance to lake, village, multiple restaurants and shops, Ski Beach Park and Dog Park. This makes for an ideal location for All Seasons Short Term or Long Term Rental Business along with A Weddings and Retreats Business if you choose. ALL HOMES WILL BE PROVIDED VACANT IF BUYER CHOOSES. 2021Gross Income $284, 756. Net Income for four cabins is $232, 590 with a 11.6% Cap rate. Adding additional Net income with the fifth cabin will be and additional $75, 000 in income bringing it to $307, 590. with a 15.4% Cap rate. Wedding and Retreat Business will add an additional Net income of $138, 000 with a total Net Income for property of $445, 590. Pro Forma Cap rate is 22.3%. Great Investment opportunity to own and run three businesses or have as a family compound. All furnishings included less some personal items. No permanent tenants or leases. Perfect for short or long term rentals. For more details and to contact: https://realtyww.info/homes_big-bear-lake-d526503/for-sale_i69115607