27592 AVENUE 16, MADERA CA 93638

  • 3,999 sq.ft.
  • 398,574 sq.ft. lot
offered at $1,299,000
MLS#:MC24033497
Status: Active // Property Type:
County: Madera // Year Built: 2002

Property Description

Explore the boundless possibilities of this remarkable development opportunity nestled on just under 10 acres, boasting three distinct dwellings with a total of 6 parcel numbers, all conveniently packaged together. Located within a city poised for growth, this property is currently earmarked for potential transformation into a medium to high-density residential development, as per city planning. The 10-acre canvas holds significant potential, with the prospect of accommodating up to 15 dwelling units per acre under medium-density zoning or an impressive 50 dwelling units per acre with high-density zoning, as outlined by the city regulations. Buyers are encouraged to engage with the city for confirmation and explore the possibilities this property offers. The three residences on the property include a spacious 4-bedroom, 2-bathroom home spanning 2,367 sq ft, a charming 3-bedroom, 1-bathroom dwelling covering 912 sq ft, and an additional 3-bedroom, 1-bathroom residence with 720 sq ft of living space. The property's location, combined with its multiple parcels and diverse housing options, positions it as a lucrative investment opportunity. Whether you envision a carefully planned medium-density development or a high-density residential project, the possibilities for income generation are abundant. For a deeper understanding of the potential returns and to explore the various income-generating avenues this property offers, do not hesitate to contact us. Seize the chance to shape the future of this expansive property and capitalize on the city's vision for growth and development.

Listing Courtesy of Serina Vargas, Tinetti Realty Group

Interior Features

Heating: Central, Propane

Exterior Features

Exterior Features: Street Lights
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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