Single-family home
Listing Agent: Norma Hollnagel (DRE #02074550) · Listing Office: London Properties- Kingsburg · Contact: 559-643-9907 · Bought with: Joshua Mettee · Mettee & Co., Inc · MLS #FR24113601 · Source: CRMLS
Looking for the perfect investor to discover this charming 1703 square foot home with 3 bedrooms and 2 bathrooms. The kitchen has been recently upgraded with new appliances, countertops, cabinets, flooring, and fresh paint throughout. This outstanding 1.25-acre property in Kingsburg is situated in R3 zoning. There is an opportunity to divide the land into four empty lots and one lot with a house, all with street frontage to maximize appeal, presenting a lucrative opportunity. Selling these lots could potentially generate enough revenue to completely pay off the mortgage, giving the buyer a debt-free property. Delving into this venture further unveils exciting prospects and possibilities. Alternatively, the property could potentially qualify for 14 units, with a potential extension to 16 units. To move forward, a site plan and drawings must be prepared for submission to plan check, with costs estimated at around $1500 plus additional expenses for plans and permits. Buyer must verify all information.
Listing description from the July 2024 sale, as reported to CRMLS.