4904 Manzanita Avenue Carmichael, CA 95608

Active (64 Days)

$1,199,000

1.75

ACRES

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Description

A RARE INVESTMENT OPPORTUNITY TO ACQUIRE AN APPROVED MULTIFAMILY PROJECT IN CARMICHAEL. ZONED RD-10 AND READY TO DEVELOP. THE PROJECT IS CALLED VERDE CRUZ TOWNHOMES AND CONSISTS OF 17 3-STORY UNITS WITH A MIX OF THIRTEEN(13) 1936 SQ/FT UNITS AND FOUR(4) 2140 SQ/FT UNITS. THIS PROJECT GIVES A FLEXIBILITY OF BUILDING AND SELLING EACH INDIVIDUAL TOWNHOUSE OR RENTING OUT THE WHOLE PROJECT TO GENERATE AN IMPRESSIVE RENTAL INCOME FOR YEARS TO COME. CURRENT MARKET DEMAND IS STRONG FOR TOWNHOMES AND THIS PROJECT IS VERY ATTRACTIVE DUE TO THE AFFORDABILITY FACTOR AND GROWING RENTAL DEMAND IN THE REGION.

MLS #:
224113696

Lot Size
1.75 acres

Type
Land

School District
San Juan Unified

County
Sacramento County

Listed By

Vlad Parashchak, Windermere Signature Properties

Source
Metrolist
Last checked Dec 11 2024 at 10:51 PM PST

Bathroom Details

Subdivision

Verde Cruz Townhomes

Lot Information

Stream Seasonal
Secluded
Public Trans Nearby
Corner

Property Features

Trees
Gently Sloped

Utility Information

Utilities: See Remarks, Other, None, Underground Required
Sewer: Public Sewer

Land Tenure

Residential,Subdivision,See Remarks

Location

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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

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Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. MetroList CA data last updated 12/11/24 14:51 Powered by MoxiWorks®