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8440 Stevenson Avenue

Sacramento, CA 95828
  • $1,400,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 222081997
UPDATED: 34 min ago
$1,400,000
  • 0
    BEDS
  • 1.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Developers Dream, Cash Flow $4000 a month on this large SFR while completing the lot split that is already in progress. Lot Split has been approved and is ready for lot improvements or bonding. Approved to divide the 2 acres into 9 separate lots. Earn a little while you work towards the much larger payoff after splitting the lots and selling them separately. The lot with the existing home already has a lease option buyer in place! 8 remaining lots will go fast once the split is complete. New homes are selling quickly in this area and for top dollar. If you are looking for your next project that takes advantage of the current market trends, this is it. Joint Venture or Preferred Return Options available. Phase 1 would be to complete the improvements and sell the finished lots with a potential profit of $250,000 to $350,000 Phase 2 would be to build and sell the houses and represents another $500,000 to $600,000 in additional profit.

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Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-07-03T13:41:34.873. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.sacramentoareahomefinder.com/homes/130054192
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8440 Stevenson Avenue Sacramento, CA 95828

  • Price: $1,400,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 34 min ago
  • MLS #: 222081997
0
Beds
0
Baths
0
½ Baths
1.92
Acres
Neighborhood:
Sacramento Florin & Vicinity
County:
Sacramento
Area:
Sacramento Florin & Vicinity
Elementary School:
Elk Grove Unified
Middle School:
Elk Grove Unified
High School:
Elk Grove Unified
School District:
Sacramento
Property Description
Developers Dream, Cash Flow $4000 a month on this large SFR while completing the lot split that is already in progress. Lot Split has been approved and is ready for lot improvements or bonding. Approved to divide the 2 acres into 9 separate lots. Earn a little while you work towards the much larger payoff after splitting the lots and selling them separately. The lot with the existing home already has a lease option buyer in place! 8 remaining lots will go fast once the split is complete. New homes are selling quickly in this area and for top dollar. If you are looking for your next project that takes advantage of the current market trends, this is it. Joint Venture or Preferred Return Options available. Phase 1 would be to complete the improvements and sell the finished lots with a potential profit of $250,000 to $350,000 Phase 2 would be to build and sell the houses and represents another $500,000 to $600,000 in additional profit.
Exterior Features

Crops None Fencing Chain Link Lot Features CornerShape Regular Other Structures ResidenceShed(S) Road Frontage Type City Street Road Responsibility Public Maintained Road Road Surface Type Paved Soil Unknown Total Parking Spaces 0.00 Vegetation None View Description None

Property Features

Additional Living Unit No Association No Association Fee 0 Current Use Residential Development Status Raw LandFinal Map ApprovedFinal Map FiledSubdivision PossibleTentative Map ApprovedTentative Map FiledLot Build To SuitLot Split Possible Distance To Electric Electricity To Site Distance To Gas Natural Gas To Site Distance To Phone Service Phone To Site Distance To Water Public At Site Electric Electric Available Elevation 0 Horse Property No Income Includes See Remarks Irrigation None Num Of Lots 0 Other Equipment None Parking Fee 0.00 Possible Use Residential Primary Residence 0-30 Years OldOver 1500 Sqft Property Subtype Residential Acreage Property Type Land Sewer Public SewerSewer Connected Special Listing Conditions NoneOther Utilities Cable AvailablePublicInternet AvailableNatural Gas Not Available Water Source Private WellPublic Zoning Rd-5 Zoning Description 2nd Unit PossibleResidential

Metrolist MLS logo Listing provided courtesy of Exp Realty Of California Inc: . Listing information © 2022 MetroList Services, Inc.


Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-07-03T13:41:34.873. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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