4904 Manzanita Avenue, Carmichael, CA 95608
- $1,199,000
- List Price
- $1,199,000
- MLS#
- 224016765
- Status
- ACTIVE
- Type
- Land
- Neighborhood
- Verde Cruz Townhomes
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.
Additional Information
- Sewer
- Public Sewer
Mortgage Calculator
Courtesy of Lyon RE Fair Oaks, .
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