8440 Stevenson Avenue
8440 Stevenson Avenue Sacramento, California 95828 United States

$1,400,000
 Get directions
 
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....
$1,400,000
Change Currency
1.92 Acres
Exterior
Land
Property type
222081997
Web Id
222081997
MLS ID
Elk Grove Unified
School District
12
days ago

About 8440 Stevenson Avenue

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! 8 remaining lots will go fast once the split is complete. 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.

Listing Courtesy of eXp Realty of California Inc

PROPERTY INFORMATION

Sewer
Public Sewer, Sewer Connected
Water
Private Well, Public

EXTERIOR

Lot Description
Corner, Shape Regular
Listing Courtesy of eXp Realty of California Inc

METROLIST MLS

Listing Courtesy of eXp Realty of California Inc
Contact Agent