Hemingway’s Retreat
About the property
CRI Brokerage is pleased to present Hemingway’s Retreat is a 13-unit all-age MHP located in Sonora, California, nestled in the foothills of Tuolumne County along the Yosemite National Park corridor. The property includes $500,000 in park-owned homes (POHs) along with an additional development parcel included in the sale. It features a diverse unit mix of 9 park-owned homes, 3 tenant-owned homes, and 1 single-family residence, creating multiple income streams and providing stable in-place cash flow. Positioned in a supply-constrained market, the asset benefits from strong demand driven by both local housing needs and tourism activity.
Recent capital improvements have been completed, with additional underway, including a utility conversion program fully funded by current ownership and now underway. This transition to direct-billed utilities is expected to reduce operating expenses and improve efficiency.
Hemingway’s Retreat presents a compelling value-add opportunity for investors seeking immediate yield with clear upside in a strong, high-barrier California market. Strategically located in the foothills of Tuolumne County.
Approximately 60 minutes from Yosemite National Park, 1 hour from Modesto, and 2 hours from Sacramento, providing strong accessibility to both tourism demand and major Central Valley population centers.
Join our buyers list for first access to this upcoming opportunity, or contact our team today to learn more.
Investment Highlights
- Stable in-place income
- Efficient utility structure
- Value-add opportunities
- Expansion or infill potential
- Utility Conversion in Progress: Transition to direct-billed electric and gas
- Future Development Potential (Included Parcel)
- Sale includes a ±2.1-acre vacant parcel zoned R-3 & O, supporting potential future expansion or alternative residential uses (buyer to verify)
- Strong In-Place Cash Flow: $73,916 NOI at 6.43% cap rate
- Below-Market Rents: Ability to increase rents over time within rent control guidelines
- Diverse Income Mix: POH, MH lots, and SFR reduce revenue concentration risk
- Yosemite Gateway Location: Tourism and housing demand support long-term occupancy 60 Minutes to Yosemite National Park
- Utilities Overview
- Water: Owner-paid
- Sewer: Billed back
- Electricity: Billed Back (metered)
- Trash: Billed back
- Gas: Tenant-paid (direct with utility provider)
- NOI growth opportunities
- Defensive market performance
- Long-term income stability
Offering Memorandum
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