$925,000
$1,150,000
19.6%For more information regarding the value of a property, please contact us for a free consultation.
32075 Hilltop DR Running Springs, CA 92382
0.59 Acres Lot
Key Details
Sold Price $925,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV21178167
Sold Date 03/03/22
HOA Y/N No
Year Built 1966
Lot Size 0.587 Acres
Lot Dimensions Assessor
Property Sub-Type Hotel/Motel
Property Description
A UNIQUE OPPORTUNITY TO OWN ONE OF RUNNING SPRINGS MOST PROFITABLE INCOME GENERATING BUSINESSES. PLEASE DO NOT DISTURB TENANTS! (TENANTS ARE UNAWARE OF SALE).
SHERWOOD ARMS MOTEL - Ten Private Units in the heart of the small mountain town of Running Springs. A separate adjacent vacant lot (.25 acres) is included in the price! Currently all units are rented to long term tenants on month to month lease agreements. All units are currently occupied. Many upgrades were made throughout the property including dual pane windows and roofing. All rooms enjoy a view of the tree tops, starry skies & large private yard. Located in town near Jensens market, post office, and local dining. Easy driving access from Hwy 330 & Hwy 18. Ski resorts are only 5 miles up the road. Most units have private outdoor space including decks or patios. All units include water, gas, electricity, trash removal, cable television and high speed internet service. Listing Agents are Officers of the Corporation of Ownership. Running Springs is 8 miles from Lake Arrowhead and 15 miles to Big Bear Lake.
Location
State CA
County San Bernardino
Area 288 - Running Springs
Building/Complex Name SHERWOOD ARMS MOTEL
Interior
Heating Fireplace(s), Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Community Features Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Asphalt
Total Parking Spaces 12
Building
Lot Description Corner Lot, Near Park, Near Public Transit, Street Level, Trees
Story 2
Water Public
Architectural Style Patio Home
Others
Tax ID 0295191070000
Acceptable Financing Cash to New Loan, Conventional, Owner May Carry
Listing Terms Cash to New Loan, Conventional, Owner May Carry
Financing Conventional
Special Listing Condition Standard
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Bought with Maricela Smith Maricela Smith, Broker
