Check out this CASH COW! There are 16 units total on this 10 ACRE gem. This property was annexed into the city in 2008 and was made part of the Mariposa Lakes Subdivision plan. It currently features 15 recently remodeled and fully occupied units, PLUS a 4 bedroom 2 bath home (3065 sq.ft.) with fully fenced yard and 3000sq.ft. metal shop, 2 & 3 phase electricity, domestic and irrigation wells, 24 space parking lot and onsite laundry room. Per owner, this property has use permits for care home/rehabilitation center and trucking company. There is a lot of development going on in this area. Seller is motivated and willing to entertain creative offers. Seller is willing to go in partners and retain half the property with $1.5M down at 6.75% interest for up to 5 years and have option to buy remaining equity at any time.
|--||New Value: $5,000,000|
|1/17/2020 3:45:00 PM|