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8440 Stevenson Avenue

Sacramento, CA 95828
  • $1,299,988
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 222098325
UPDATED: 59 min ago
$1,299,988
  • 3
    BEDS
  • 1.92
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,235
    SQFT
  • $582
    $/SQFT
Type:
Single-Family Home
Built:
1969
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 for $650,000, So you are really only paying $650K for the other 8 lots. 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 2022-08-11T20:40:08.547. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.rapisardarealtors.com/homes/131191192
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8440 Stevenson Avenue Sacramento, CA 95828

  • Price: $1,299,988
  • Status: Active
  • On Site: 19 Days
  • Updated: 59 min ago
  • ID#: 222098325
3
Beds
2
Baths
1
½ Baths
1.92
Acres
2,235
SQFT
$582
$/SQFT
1969
Built
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 for $650,000, So you are really only paying $650K for the other 8 lots. 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

Architectural Style RanchTraditional Carport Spaces 0.00 Construction Materials Brick VeneerLap SidingWood Entry Level 0 Fencing Back YardMetalPartial Foundation Raised Levels One Lot Features CornerShape Regular Open Parking Spaces 0.00 Parking Features 24'+ Deep GarageBoat StorageRv AccessRv PossibleRv StorageGarage Facing FrontUncovered Parking Spaces 2+Guest Parking Available Parking Fee 0.00 Patio And Porch Features Enclosed Patio Property Faces North Roof Composition Total Parking Spaces 0.00

Interior Features

Appliances Free Standing Gas Oven Bath Features Tub W/Shower OverWindow Cooling Central Dining Room Features Formal Room Fireplace Features Living RoomFamily Room Flooring CarpetLaminate Heating Central Kitchen Features Tile Counter Laundry Features Hookups Only Main Level Bedroom(S)Living RoomDining RoomFamily RoomFull Bath(S)GarageKitchenStreet Entrance Master Bathroom Features Shower Stall(S)Outside Access Master Bedroom Features Ground FloorOutside Access Num Of Fireplaces 2 Room Type Master BathroomMaster BedroomBonus RoomDenDining RoomFamily RoomGreat RoomSun RoomKitchenLiving Room

Property Features

Additional Unit YN No Association No Association Fee 0 Electric 220 Volts Elevation 0 Horse Property Yes Horse Property Features None Irrigation None Pets Allowed YesService Animals OkCats OkDogs Ok Pool No Property Subtype Single Family Residence Property Type Residential Remodeled Updated Yes Remodeled Updated Desc Bath 0-5YrKitchen 0-5YrBed 0-5YrOther-Rmks 0-5Yr Senior Community No Sewer In & ConnectedPublic Sewer Spa No Special Listing Conditions Other Subtype Description CustomDetached Utilities Cable AvailablePublicDsl AvailableInternet Available Water Source Public Zoning Rd-5

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 2022-08-11T20:40:08.547. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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Rapisarda Real Estate
785 Alamo Drive, Suite 120
Vacaville CA, 95688