12803 Sneath Clay Rd
Nevada City, CA 95959

12803 Sneath Clay Rd. represents a unique opportunity to acquire a 1,478 SF, 3 BR, 2 BA single-family home/caretaker’s unit/office situated on a rare, 4.9-acre M-1 zoned parcel, currently producing $3,600 in monthly income via yard space leases (two smaller yard spaces leased at $300/MO and one large space at $3,000/MO on a three year lease) . Located just outside Nevada City limits but within its sphere of influence, the property has undergone significant improvements, including a new deck, new floors, new kitchen counters, cabinets, and appliances, new vanity, shower surround, new toilets, interior paint and touch-up exterior paint, and roof repairs (metal roof). Additionally, 12803 Sneath Clay features a garage/workshop with electrical service.
Historically, the property has been used as a storage yard for construction companies, while the house has been rented out as a single-family home. The home/office will be delivered vacant at close, providing flexibility for a new owner to either use or lease. The property contains approximately 3.5 acres of usable land. Based in place yard space rents and on a pro-forma rent of $2,000 for the single-family home/office, the property would yield an approximate 5.85% return on cost.
The Property represents a fantastic opportunity for an investor looking to acquire a hard to come by industrial lot with in-place income and value add opportunity via renting the house/office and increasing yard rents. Alternatively, the offering would be ideal for an owner-user in the trades who is looking for a headquarters location complete with an office and yard space for equipment or bulk material storage and in-place income to offset ownership costs.

Rent Roll/Financials Available Upon Request and CA.