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Bryan Powell

[email protected] +1(916) 521-4687

$ 989,000

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Price Dropped by $61K

4904 Manzanita AVE Carmichael, CA 95608

1.75 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential Lot

Listing Status Active

Purchase Type For Sale

Subdivision Verde Cruz Townhomes

MLS Listing ID 225011396

HOA Y/N No

Lot Size 1.750 Acres

Acres 1.75

Property Sub-Type Residential Lot

Source MLS Metrolist

Property 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.

Location

State CA

County Sacramento

Area 10608

Zoning RD-10

Direction FROM HWY-80 HEADING EAST TO MADISON AVE EXIT. TAKE MADISON AVE EAST TO MANZANITA AVE. TAKE MANZANITA AVE SOUTH TO THE SITE LOCATION AT THE CORNER OF MANZANITA AVE AND BOURBON DR.

Exterior

Utilities Available Underground Required, None, Other, See Remarks

Water Access Desc Public,Meter Required

Topography Gently Sloped,Trees

Street Surface Unimproved

Road Frontage County Road

Building

Lot Description Corner, Public Trans Nearby, Secluded, Stream Seasonal

Sewer Public Sewer

Water Public, Meter Required

Schools

Elementary Schools San Juan Unified

Middle Schools San Juan Unified

High Schools San Juan Unified

School District Sacramento

Others

Senior Community No

Tax ID 236-0254-009-0000

Special Listing Condition Other

Listed by Windermere Signature Properties Fair Oaks

Bryan Powell

Broker | CA DRE#02003689

+1(916) 521-4687

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Bryan Powell

4904 Manzanita AVE Carmichael, CA 95608

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4904 Manzanita AVE