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$2,999,888
Est. payment /mo
3 Beds
2 Baths
1,517 SqFt
UPDATED:
12/08/2024 02:42 AM
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
Acres 7.9
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 Listing
Zoning RD-4
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Yes
Window Features Double Pane Windows
Exterior
Private Pool false
Building
Story 1
Architectural Style Contemporary
Level or Stories One Story
New Construction No
Schools
School District Elk Grove Unified
Others
Tax ID 1270140040000
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Listed by Bobby Tran • Intero Real Estate Services
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