Two parcels together are available for purchase: 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!
MLS# | MC24140087 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Year | 2001 |
Days On Site | 92 |
Listing Provided By | Keller Williams Property Team 209-500-4663 | Ernesto Ochoa |
SQ Feet | 576,734 |
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Story(s) | 1 |
Units | 3 |
Building(s) | 3 |
Zoning | AR-5 |
Acreage | 13.24 |
Property View | Yes |
State | CA |
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County | Madera |
City | Madera |
Zip Code | 93638 |
Listing VS Median (in 93638) | |
Price: $950,000 low | high Med: $662,500 SqFt: 576,734 low | high Med: 289,247 $ / SqFt: $2 low | high Med: $107 On Site: 92 low | high Med: 144.000000 |