2 Lot Redevelopment Opportunity
0.28 Acres of Residential Land Offered at $115,000 USD in Sacramento, CA 95825
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $115,000
- Property Type
-
Land
Listing Contacts
Ron Benning
Verified Profile
- Property Info
Property Overview
These two bargain-priced lots are available for the first time ever. These 2 contiguous Lots totaling .288 Acres have Great Potential. The Current use is as a Cabana Club. There is a pool and Equipment building with a bathroom. The pool needs resurfacing and to be brought up to the current code to continue in its current use (we have a bid for this). There is easement access to the lot behind the adjacent Fourplexes. It is our understanding that the lots can be combined for a minimal cost. It would seem the highest and best use would be to build a multifamily unit on the combined lot, but there are other possible uses too. We have considered when pricing the cost to either cure the current use or to remove the existing structure and pool to turn it back into a blank slate for other building opportunities. There is already power and utilities to the lot. The second APN Included in the sale is 294-0022-029-0000. The seller makes no representations about development use approval by the building department. The lots are Zoned RD- 20 which is consistent with Multifamily Use. Bids for Pool repair and Demolition available by request. This must be a cash sale with no carryback due to ownership status. The entity will be dissolving upon the sale of these assets. Please submit proof of funds with your offer. The property has a gate that is locked. Please call the listing agent to access the lots or with any additional questions.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- 2 Lots
- Electricity, Water and Sewer hooked up.
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