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695 Cherry Creek Rd, Cloverdale, CA 95425

$8,500,000
: 1,334
SqFt

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List Price: $8,500,000
Status: ACTIVE
Days on Market: 44
MLS#: 326077422
Subtype: Residential Income
Year Built: 1988
Living Area: 1,334
Lot Size: 3,659,040
Acres: 84
Neighborhood: Cloverdale
MLS Area Major: Cloverdale

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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

Flooring: Carpet, Linoleum, Tile, Wood
Appliances: LP Gas Water Heater
Heating: Fireplace, Wood Stove
Air Conditioning: Ceiling Fan(s)
Levels: One
Roof: Composition
Foundation: Concrete Perimeter, Slab
Parking Features: Carport, Guest, Off Street, Uncovered
View: Canyon, City, Trees/Woods, Mountain(s), Mountain(s), Pasture, Trees/Woods