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Listed by Ernesto Ochoa • Keller Williams Property Team
$950,000
Est. payment /mo
3 Beds
2 Baths
1,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $863
MLS Listing ID CRMC24132318
Bedrooms 3
Full Baths 2
Year Built 1944
Lot Size 13 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Two parcels are available for purchase: individually or together. The first is a 12.36-acre tract of open land, offering the versatility to either construct your dream home/ranchette or just farm it. The second parcel is a 0.88-acre ranchette comprising of three single-family homes, all currently leased on a month-to-month basis. Acquiring both parcels opens the potential for a subdivision into 91 single-family lots, as illustrated in the attached "conceptual" subdivision map. Presently, there are three occupied rental homes: a 3-bedroom, 2-bath, 1100-square-foot main house with a carport; a 2-bedroom, 2-bath, 800-square-foot second house; a 2-bedroom, 1-bath, 600-square-foot third house and potentially room to build a 4th house. Each residence boasts a unique address and individual PG&E gas meters. This presents an excellent investment to buy and hold or to immediately commence the development process!
Location
State CA
County Madera
Zoning AR-5
Interior
Cooling Central AC
Fireplaces Type Other
Exterior
Pool None
View Local/Neighborhood
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 034130033
Special Listing Condition Not Applicable
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