Madera Apartment complex for sale! Seize the opportunity to acquire this exceptional property!.This centrally located complex in Madera features 10 units spread across 2 buildings on a single parcel. Each building consists of 3 units on the ground floor and 2 units on the upper floor. Every unit is a 2-bedroom, 1-bath apartment, complete with one assigned carport. The property includes front and back gates, a utility room with coin-operated washers and dryers, and a shared patio area. Please respect the privacy of the residents by not disturbing them or entering the property.
Two parcels together are available for purchase: The first is a 12.36-acre tract of open land, offering the versatility to either construct your dream home/ranchette or just farm it. The second parcel is a 0.88-acre ranchette comprising of three single-family homes, all currently leased on a month-to-month basis. Acquiring both parcels opens the potential for a subdivision into 91 single-family lots, as illustrated in the attached "conceptual" subdivision map. Presently, there are three occupied rental homes: a 3-bedroom, 2-bath, 1100-square-foot main house with a carport; a 2-bedroom, 2-bath, 800-square-foot second house; a 2-bedroom, 1-bath, 600-square-foot third house and potentially room to build a 4th house. Each residence boasts a unique address and individual PG&E gas meters. This presents an excellent investment to buy and hold or to immediately commence the development process!
Courtesy: Remax Gold
Madera is located in California. Madera, California has a population of 66,173. Madera is more family-centric than the surrounding county with 39.44% of the households containing married families with children. The county average for households married with children is 36.35%.
The median household income in Madera, California is $53,777. The median household income for the surrounding county is $66,709 compared to the national median of $69,021. The median age of people living in Madera is 29.2 years.
The average high temperature in July is 97.3 degrees, with an average low temperature in January of 37.2 degrees. The average rainfall is approximately 12.5 inches per year, with 0 inches of snow per year.
