- 1
- 499,000
- Modesto, CA
-
- reachoo.com
Ranch✔ 1 Bedroom✔ 1500 Square Footage
Calling all investors, rehabbers, and developers! We would seller-carry the 2nd mortgage for 20% of the purchase price, at a reasonable interest rate, and good terms, so won't need a gap lender. There's actually 2 (two) detached, stick built, single family resident homes on this 5. 62 acre corner lot. 1. The first is a large wood 2 story ranch house, built in 1979, with attached work shops and garages with roll up doors. Total square footage is 2306 and of that, living space is roughly 1400-1500 square feet. Presently it's a 1 bedroom, 2 full bathroom home, with an office/library, giant kitchen, and spacious living room. The office would be easy to convert into a 2nd bedroom. 2. The second house is a 850 granny flat/cottage/companion unit/guest house, with 2 bedrooms and 1 full bathroom. 3. Basically it finished and was eligible for a final, but the time frame either expired or the original builder never bothered to go apply for it. Basically a couple trips to building and planning, and this could all be resolved. The 2nd house was built in the 40's and is grandfathered in. Once renovated it has huge potential for rental income, as it's on a separate septic tank, electric meter, and in a different section of the property. That estimate covers everything from initial demo and trash out, total remodel, to putting in nice finishes. Labor and materials. In addition to the 3 houses listed above, there's 4. A detached 1 car garage with an electric panel and a washer and dryer. 5. A detached 2 car car port (essentially a garage but without the garage door.) 6. An attached workshop/garage with a 20 foot ceiling, which is ideal for perhaps an rv or a tractor or some other type of large equipment, maybe a boat, etc. 7. Multiple sheds which are actually in remarkably good condition. 8. Well kept garden areas, and mature pepper and eucalyptus trees 9. A small fenced baseball/softball diamond. 10. Chain link fence on all sides of the property, with 2 easements on 3rd street, and a private driveway. There's at least 2 septic tanks (one by each house) put possibly 3. There's also 2 electric panels. And best of all, there's dozens of hose bibs circling the back of the property - making it ideal for anyone who plans to use the estate for farming, agriculture, livestock, or who otherwise needs a large and sophisticated watering system that covers much of the property. The most important thing is the location and zoning. This property was part of the "3rd street annexation" from 2012, so it's not perris, it's lake elsinore. Walk score on this property is off the charts, as it's close to shopping centers, but still incredibly private and quiet, no 15 freeway noise at all, few neighbors, and no traffic. The "highest and best use" being developing it for use as a a wedding and reception venue/event center, church/temple, montessori school, preschool, middle school, high school, community center, equestrian/horse boarding or showing, farm/growing crops, horticulture, plants/nursery, christmas tree farm, pumpkin patch, childcare, ranching for animals like alpacas, ostrich, emus, etc. Greenhouse, community park, softball field, residential care facility, nursing home/senior care/ mental health/rehab facility, big box gym/fitness training center, government buildings and service facilities, public parks and playgrounds, recreational centers, etc etc. This area is about to skyrocket in value. The new walmart and la quinta inn are going in half a block west, at camden and the 74. Email us and let's get the ball rolling!
Near places: Modesto Junior College
US, California, Stanislaus County, ModestoModesto, CA at reachoo.com more ads 499,000