4904 Manzanita Avenue, Carmichael, CA
$1,199,000
76,230
Square feet
1.75
Acres
About 4904 Manzanita Avenue
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.
Facts & Features
| MLS® # | 224016765 |
|---|---|
| Price | $1,199,000 |
| Square Footage | 76,230 |
| Acres | 1.75 |
| Type | Land |
| Sub-Type | Residential Lot |
| Status | Active |
Community Information
| Address | 4904 Manzanita Avenue |
|---|---|
| Area | 10608 |
| Subdivision | Verde Cruz Townhomes |
| City | Carmichael |
| County | Sacramento |
| State | CA |
| Zip Code | 95608 |
Amenities
| Utilities | Underground Required,None,Other,See Remarks |
|---|
Exterior
| Lot Description | Corner,Public Trans Nearby,Secluded,Stream Seasonal |
|---|
School Information
| District | San Juan Unified |
|---|---|
| Elementary | San Juan Unified |
| Middle | San Juan Unified |
| High | San Juan Unified |
Additional Information
| Zoning | Planned Unit Development,Residential |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Lyon RE Fair Oaks |
|---|