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$2,999,888
Est. payment /mo
3 Beds
2 Baths
1,517 SqFt
UPDATED:
12/08/2024 12:50 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,517 sqft
Price per Sqft $1,977
MLS Listing ID ML81987735
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1950
Lot Size 7.900 Acres
Property Description
Discover this unique investment opportunity to own a fully renovated home situated on an expansive 8-acre lot. The property boasts numerous upgrades, including brand-new LVP flooring, a new roof with gutters, remodeled bathrooms and kitchen, new appliances, fresh paint, upgraded electrical systems, and enhanced backyard landscaping. A Tentative Map has been approved for rezoning to RD-4, allowing for the subdivision of 15 spacious lots (averaging over 10,000 sq. ft.), complete with two cul-de-sacs. The proposed community will include a bike and pedestrian trail along the adjacent creek, offering excellent recreational options.Located within walking distance of Pleasant Grove, the top-rated school in the Elk Grove Unified School District, this property is a prime location for high-end single-family homes, surrounded by million-dollar estates.Generate rental income (pro forma $2,500/month) while completing the final subdivision map. A separate studio with a bathroom also on this parcel, providing privacy or rental income. Don't miss this rare opportunity for investors or small builders to develop in one of Elk Groves most desirable areas. Full disclosure information is available upon request!
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning RD-4
Interior
Heating Central
Cooling Central Air
Fireplaces Type Wood Burning
Fireplace Yes
Exterior
View Y/N Yes
View River
Roof Type Composition,Shingle
Attached Garage No
Total Parking Spaces 8
Building
Story 1
Water Well
Architectural Style Contemporary
New Construction No
Schools
School District Other
Others
Tax ID 12701400400000
Special Listing Condition Standard
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Listed by Bobby Tran • Intero Real Estate Services