695 Cherry Creek Rd, Cloverdale, CA 95425
- $8,500,000
- 1,334
- SqFt
- List Price
- $8,500,000
- MLS#
- 326077422
- Property Type
- Multifamily
- Sqft. of Residence
- 1,334
- Lot Size
- 3,659,040
- Region
- Cloverdale
- Status
- ACTIVE
- County
- Sonoma
- Acres
- 84
- Year Built
- 1988
- Parking Spaces
- 50
Property Description
With over $400,000+ in annual gross tenant income and 84 acres just minutes from downtown Cloverdale, 695 West Cherry Creek Road is currently home to an established residential community with nine residences-five large multi-unit homes and four one-bedroom cabins. A 3,500-square-foot event and community center with a commercial kitchen anchors the shared amenities, along with a swimming pool, additional support buildings, city water, solar, and extensive infrastructure already in place. Open land, wooded areas, and expansive views extend throughout the acreage, creating a tranquil setting for the existing residential use. For an investor or operator, the property brings together substantial current income, significant land, multiple residences, and an incredible opportunity to add buildings and income, connect to city sewer, and develop endless other improvements. Come see what's possible
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Additional Information
- Basement
- None
- Foundation
- Concrete Perimeter, Slab
- Living Area
- 1,334
- Lot Size
- 3,659,040
- Possession
- Close Of Escrow, Subject To Tenant Rights
- Region
- Cloverdale
- Roof
- Composition
- Utilities
- Cable Available, DSL Available, Electricity Available, Internet Available, Natural Gas Available
- View
- Canyon, City, Trees/Woods, Mountain(s), Mountain(s), Pasture, Trees/Woods
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Listing courtesy of Compass.
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