Property listed by KELLER WILLIAMS REALTY, BARRY GOODRICH, 909-793-2100.
$399,000
**Rare Multifamily Development Opportunity – Fully Approved 8-Unit Apartment Project!**
A rare opportunity for developers and investors to secure a vacant lot with plans and approvals already in place for an 8-unit apartment complex. One of this property's most significant advantages is its unique sewer elevation positioning, reportedly making this the… Read More last remaining opportunity in the area to develop a multifamily building of this type. This distinctive infrastructure advantage makes the property an especially compelling opportunity for those looking to capitalize on limited multifamily development potential.
Save valuable time and move closer to construction with plans and drawings already completed and approvals in place, potentially eliminating up to two years of planning and approval work. The proposed project offers the potential for eight rental units, each projected to command approximately $2,200 per month, representing a combined potential rental income of $17,600 per month at full occupancy.
Opportunities to acquire a development site with this level of preparation and potential are increasingly difficult to find. Whether you're an experienced investor or a developer looking for your next project, this property offers a unique opportunity to move forward with much of the groundwork already completed.
**Plans and drawings are available under the Supplements tab.** Contact us today for additional information and take a closer look at this exceptional multifamily development opportunity! Read Less
Listing Snapshot
Days Online
7
Last Updated
Lot Size
0.58 Acres
MLS Number
IV26222937
Additional Details
Property Access
Frontage Type: CountyRoad, Road Surface: Paved
Community
Suburban
Home Owner's Association
Association Fee: $0
Lot
0.5785 acres, ZeroToOneUnitAcre
Property
Mountains
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 3093491100000, Lot: 45, Zoning: r
Utilities
ElectricityAvailable, SewerAvailable, WaterAvailable, Water Source: Public
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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