Kelly Okimoto, Nick Sadek Sotheby's International RealtyPhone: (916) 335-3185
Email: [email protected]
Email: [email protected]
FANTASTIC DEVELOPMENT OPPORTUNITY ! Tentative Map approved for zoning of RD-4, and a subdivision of 15 large lots (avg 10,000+sqft) with 2 cul de sac. Property includes a newly renovated 2 bed/2 bath home, with new bathroom, new kitchen, new LVP flooring, fresh paint, new roof, dual pane windows, new appliances, new fixtures, new electricals, landscaping in the back, etc. The subdivision will have a bike/pedestrian trail next to the adjacent creek. Recreational opportunities abound. Walking distance to the best school (Pleasant Grove) in Elk Grove Unified School District. This is truly a rare chance for an investor or a small builder to develop high end single family homes in the proximity of million dollar homes. Obtain rental income ($2,500 proforma) while waiting for the final subdivision map. There is a separate detached Studio with bath currently used as storage, potential for additional income. Disclosures information available.
