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Madera,CA 93638
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $863
MLS Listing ID MC24132318
Bedrooms 3
Full Baths 2
Year Built 1944
Lot Size 13.240 Acres
Property Description
Two parcels are available for purchase: individually or together. 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!
Location
State CA
County Madera
Zoning AR-5
Interior
Cooling Central Air
Fireplaces Type See Remarks
Laundry See Remarks
Exterior
Pool None
Community Features Urban
Utilities Available Cable Connected,Electricity Connected
View Y/N Yes
View Neighborhood
Building
Lot Description 6-10 Units/Acre,Agricultural,Horse Property,Level,Street Level
Dwelling Type Triplex
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Madera Unified
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard