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32075 Hilltop Drive

Running Springs, CA 92382
  • $1,150,000
  • STATUS: Active Under Contract
  • ON SITE: 152 Days
  • MLS #: EV21178167
Under Contract
UPDATED: 23 min ago
$1,150,000
  • 0
    BEDS
  • 0.59
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:

School Ratings & Info

Listing Agent(s): Patrick Kennedy of Re/Max Lakeside (909-337-9999) and Bonnie Kennedy of Re/Max Lakeside(909-337-9999)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T16:26:09.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/120507066
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32075 Hilltop Drive Running Springs, CA 92382

  • Price: $1,150,000
  • Status: Active Under Contract
  • On Site: 152 Days
  • Updated: 23 min ago
  • MLS #: EV21178167
0
Beds
0
Baths
0
½ Baths
0.59
Acres
1966
Built
Neighborhood:
288 - Running Springs
County:
San Bernardino
Area:
288 - Running Springs
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.
Exterior Features

Architectural Style Patio Home Construction Materials Stone Veneer Lot Features Corner LotNear ParkNear Public TransitStreet LevelTrees Open Parking Spaces 12 Parking Total 12 Roof Asphalt Sign On Property YN No

Interior Features

Cooling None Cooling YN No Heating Fireplace(S)Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Business Type Hotel/Motel Common Interest None Community Features Park Electric Expense 12164 Gross Scheduled Income 103380 Inclusions Furniture Insurance Expense 3690 Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Cash To New LoanConventionalOwner May Carry Net Operating Income 78667 Number Of Units Leased 10 Operating Expense 24712 Other Expense 3371 Property Sub Type Hotel/Motel Special Listing Conditions Standard Trash Expense 2316 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 5040 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T16:26:09.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Patrick Kennedy of Re/Max Lakeside (909-337-9999) and Bonnie Kennedy of Re/Max Lakeside(909-337-9999)