Explore the boundless possibilities of this remarkable development opportunity nestled on just under 10 acres, boasting three distinct dwellings with a total of 6 parcel numbers, all conveniently packaged together. Located within a city poised for growth, this property is currently earmarked for potential transformation into a medium to high-density residential development, as per city planning. The 10-acre canvas holds significant potential, with the prospect of accommodating up to 15 dwelling units per acre under medium-density zoning or an impressive 50 dwelling units per acre with high-density zoning, as outlined by the city regulations. Buyers are encouraged to engage with the city for confirmation and explore the possibilities this property offers. The three residences on the property include a spacious 4-bedroom, 2-bathroom home spanning 2,367 sq ft, a charming 3-bedroom, 1-bathroom dwelling covering 912 sq ft, and an additional 3-bedroom, 1-bathroom residence with 720 sq ft of living space. The property's location, combined with its multiple parcels and diverse housing options, positions it as a lucrative investment opportunity. Whether you envision a carefully planned medium-density development or a high-density residential project, the possibilities for income generation are abundant. For a deeper understanding of the potential returns and to explore the various income-generating avenues this property offers, do not hesitate to contact us. Seize the chance to shape the future of this expansive property and capitalize on the city's vision for growth and development.
Courtesy: Remax Gold
Courtesy: Keller Williams Property Team
Madera is located in California. Madera, California has a population of 64,058. Madera is more family-centric than the surrounding county with 41.69% of the households containing married families with children. The county average for households married with children is 36.05%.
The median household income in Madera, California is $40,731. The median household income for the surrounding county is $48,210 compared to the national median of $57,652. The median age of people living in Madera is 28.2 years.
The average high temperature in July is 96.9 degrees, with an average low temperature in January of 37.2 degrees. The average rainfall is approximately 16.8 inches per year, with 0 inches of snow per year.
