$2,700,000
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1007 Buschmann Road Paradise, CA 95969
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
40,500
Sq. Ft.
Property Activity
Time on Site
days
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What a fantastic investment opportunity with additional value add development. Located in the heart of Lower Paradise, there are 10 fully rented, ADA compliant turn key 2 bedroom, 2 bathroom units on the property, the first investment step is already done! The owners have taken on most of the planni...ng and preparation, having full architectural plans completed by Nichols, Melburg & Rossetto Architects & Engineers. With build-ready plans available and ready to submit to the town, you can generate rental income while you renovate and revitalize the main building on the property. The proposed plans consist of 43 additional units; 15 one bedroom, one bathroom units and 28 studios units. The property consists of two parcels both zoned multi-family. The main parcel with the structures, is 6.13 acres, and the neighboring parcel is an additional 2.87 acres totaling 9 acres. This property is served by a new clustered wastewater treatment system. According to zoning requirements, this facility should have the potential to be permitted at a density of 15 units per acre, offering the potential to add significantly more units! With a vision and legwork, this is your opportunity to invest in the future of Paradise!
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MLS#
SN24030705
Property Type
Mixed Use
Year Built
1999
Square Feet
40,500
sq. ft
Lot Size
9
Sewer
Septic
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