Description
Discover this unique investment opportunity to own a fully renovated home situated on an expansive 8-acre lot. The property boasts numerous upgrades, including brand-new LVP flooring, a new roof with gutters, remodeled bathrooms and kitchen, new appliances, fresh paint, upgraded electrical systems, and enhanced backyard landscaping. A Tentative Map has been approved for rezoning to RD-4, allowing for the subdivision of 15 spacious lots (averaging over 10,000 sq. ft.), complete with two cul-de-sacs. The proposed community will include a bike and pedestrian trail along the adjacent creek, offering excellent recreational options.Located within walking distance of Pleasant Grove, the top-rated school in the Elk Grove Unified School District, this property is a prime location for high-end single-family homes, surrounded by million-dollar estates.Generate rental income (pro forma $2,500/month) while completing the final subdivision map. A separate studio with a bathroom also on this parcel, providing privacy or rental income. Don't miss this rare opportunity for investors or small builders to develop in one of Elk Groves most desirable areas. Full disclosure information is available upon request!
-
3BEDS
-
7.9ACRES
-
2BATHS
-
01/2 BATHS
-
1,517SQFT
-
$1,978$/SQFT
Description
Discover this unique investment opportunity to own a fully renovated home situated on an expansive 8-acre lot. The property boasts numerous upgrades, including brand-new LVP flooring, a new roof with gutters, remodeled bathrooms and kitchen, new appliances, fresh paint, upgraded electrical systems, and enhanced backyard landscaping. A Tentative Map has been approved for rezoning to RD-4, allowing for the subdivision of 15 spacious lots (averaging over 10,000 sq. ft.), complete with two cul-de-sacs. The proposed community will include a bike and pedestrian trail along the adjacent creek, offering excellent recreational options.Located within walking distance of Pleasant Grove, the top-rated school in the Elk Grove Unified School District, this property is a prime location for high-end single-family homes, surrounded by million-dollar estates.Generate rental income (pro forma $2,500/month) while completing the final subdivision map. A separate studio with a bathroom also on this parcel, providing privacy or rental income. Don't miss this rare opportunity for investors or small builders to develop in one of Elk Groves most desirable areas. Full disclosure information is available upon request!
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-22T08:25:40.807. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.