Mammoth Foreclosure Lincoln House #3410

This is a new REO/bank owned property and it is an excellent opportunity. This is being marketed “the old fashioned way” meaning it is not on some frustrating online auction website with a bunch of uncertainty. A buyer can see this right now and make an offer via RE/MAX of Mammoth. This is a TOP FLOOR 2 bedrooms / 2 baths condo hotel unit in Lincoln House in the Village at Mammoth. As you can see the location is opposite the main commercial corridor. In the summer, the babbling of the stream in the lagoon will give you a soothing audio. All year around the deck has a nice view of the pool and spas. This is a great location. It also has an excellent view of Mammoth Mountain including Lincoln Mountain and Dave’s, Climax and the top of Chair 23. This is perfect for winter “weather check” before skiing. This property produced over $58,000 in gross rental in 2013 with Mammoth Hospitality (Mammoth Mtn.). A new owner can sign up with MH and easily get the unit spiffed-up and ready for rental. The core furniture is there. MH can upgrade to flat panel TVs. There are buyers (investors) back in the Mammoth market purchasing quality condo hotel units as cash-flow investments. But this unit would be perfect for personal use and income. Once down the elevator the Village Gondola is about 100 yards away. Starbucks is a little further. But the sun deck at Gomez is closer. Just listed at $449,400.

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