4904 Manzanita AVE new Save Request In-Person Tour Request Virtual Tour
Carmichael,CA 95608
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Active
Purchase Type For Sale
Subdivision Verde Cruz Townhomes
MLS Listing ID 224113696
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 1.750 Acres
Acres 1.75
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