Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.415

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $1,650,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

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Elementary School

Middle School

High School

Listing Courtesy of Cameron Samimi , Lyon Stahl Investment Real Estate, Inc.

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Currently Two Single Family Homes and one Duplex on

oversized 18k sqft lot. A large portion of the lot is

completely undeveloped and is already entitled and

fully approved for 4 more units (Two Duplexes) which

have permits Ready to Issue and buyer can begin

construction immediately.

One of the homes was completely remodeled in 2023

and is collecting $2,595 in rent. All tenants are quality

people and not only have zero issues but are

wonderful people to work with and pay rent on time.

Property is being offered at $1,650,000 which is

significantly cheaper than many four unit buildings

nearby that have sold with smaller lots and no

approved plans. The fully approved plans give a buyer

the immediate ability to significantly increase the cash

flow of the property. Bids are available by request.

Total construction cost for four units estimated $550k

and will return to buyer $10,800 monthly or $129,600

annually or a 23% annualized return on the new 4 unit

built. New construction buildings sell for an average of

$509k/unit.

8042 Jaboneria Road

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