Elk Grove, CA95624
3 Bedrooms | 2 baths | 1517 sqft | MLS# ML81987735
Tract:
For Sale $2,999,888
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!
Facts
Single Family Residence | Built in 1950 | Lot Size: 344124.00 sqft | HOA Dues: $0/month
Features
Listing provided by Bobby Tran, Intero Real Estate Services
Based on information from California Regional Multiple Listing Service, Inc. as of March 7, 2025. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
