Mammoth New Listing –– 94 Mono St. Fourplex

 

Mammoth’s housing shortage has been exacerbated in the past 15 months. Rental rates are up a good 10-20% (or more) and availability is almost non-existent. Needless to say income producing properties are very popular in the market. I represented the seller of this property 30 years ago when he purchased it. It has been well maintained. One tenant has lived at the property for over 25 years. There are four 2 bedroom / 1 bath units. There are 7 garages including one that is double deep. The units have side-by-side washer dryers and free standing wood-burning stove for heat. Metal roof. All tenants are month-to-month. The upstairs rear unit is expected to be vacant in the next 45 days. Besides a pure income property opportunity, second homeowners look at these properties to maintain one unit for themselves and rent the others, and local residents look to potentially own a property like this and live in one of the units. South facing building with good parking outside of the garages. Close to Main St. for great access.

Listed at $1,199,000

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