
Cloverdale, CA 95425
With over $400,000+ in annual gross tenant income and 84 acres just minutes from downtown Cloverdale, 695 West Cherry Creek Road is currently home to an established residential community with nine residences-five large multi-unit homes and four one-bedroom cabins. A 3,500-square-foot event and community center with a commercial kitchen anchors the shared amenities, along with a swimming pool, additional support buildings, city water, solar, and extensive infrastructure already in place. Open land, wooded areas, and expansive views extend throughout the acreage, creating a tranquil setting for the existing residential use. For an investor or operator, the property brings together substantial current income, significant land, multiple residences, and an incredible opportunity to add buildings and income, connect to city sewer, and develop endless other improvements. Come see what's possible
Property is move-in ready.
Although built in 1988, the property is well-maintained with significant infrastructure updates including solar power and city water. Interior images show a mix of functional commercial spaces and recently renovated living quarters with modern flooring and recessed lighting, making it move-in ready for tenants.
The property generates over $400,000 in annual gross tenant income from an established residential community, offering immediate and significant cash flow for investors.
Equipped with nine residences, a 3,500-square-foot event center with a commercial kitchen, a swimming pool, and solar power, the site provides a turnkey foundation for various operations.
Spanning 84 acres with city water already in place, the property offers massive potential for expansion, including the ability to connect to city sewer and add more structures.
At a list price of $8.5 million, the property requires a substantial capital outlay, which may limit the pool of qualified buyers and impact initial cap rates.
Managing a multi-unit residential community across 84 acres, alongside an event center and pool, demands intensive property management and ongoing maintenance oversight.
No exterior & parking available.
No sensitive facilities data found.
Sep 14, 2026
$8,500,000
Initial Listing
Apr 17, 2018
$4,400,000
Public Record
Oct 21, 2009
$560,000
Public Record
Jun 23, 1994
$800,000
Public Record