Active
4904 Manzanita Avenue
Carmichael CA, 95608
$1,199,000
$15.73 per sqft
Active
1.75 Acres
Land
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.
224016765
MLSⓇ ID
April 25, 2024
Updated
Map
4904 Manzanita Avenue
Carmichael CA, 95608
Exterior/Building Features
Lot Size
1.75 Acres
Lot Features
Corner Lot
Sewer
Public Sewer
School Information
School District
San Juan Unified
Other Property Details
Area Name
10608
Garage
No
View
No
County
Sacramento
Water Source
Public
Pool
No
Waterfront
Yes
Zoning
Planned Unit Development,Residential
Buyer Agency Compensation
2.5%
Courtesy of Lyon RE Fair Oaks, Volodymyr Parashchak,
Listing Contact:
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