2.47 acres | #TR24153547
Description
Precious Investment Opportunity in a medium sized high density apartment community! Preliminary approval projects of 60 units of apartments and up to 74 units buildable according the maximum right of R-3 Zoning. The property has an approximately 2.47AC (107,519 sqft) entirely flat land, located at the heart of City of Hemet, and frontage on both Santa Fe Street and E Central Avenue, rectangular shape, all utilities are available. The project been designed to 1bed/1bath 10%, 3bed/2bath 10%, and 2bed/2bath 80%, and is on the stage of approaching fully entitlement approval by the planning department in the next 2-3 months. Fully approval of entitlement may be deliverbales by the owner depends on the terms.
Property Details
- Lot DescriptionTwentySixToThirtyUnitsAcre
- Utility SourceSeeRemarks
- Original List Price$2,100,000
- MLS #TR24153547
- MLS #TR24153547
- CountyRiverside
- Property TypePurchase
- Cost2100000
- Acres2.47
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Xiaoming Ye (#TRYEXIAMO)
Listing Office: Centaline Investment Inc (#PB21346)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
