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Tracy,CA 95376
Key Details
Property Type Vacant Land
Sub Type Residential Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225012138
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 3.390 Acres
Acres 3.39
Property Description
Approved Town Home Development! The City of Tracy approved this 36-unit town home project containing (9) fourplex buildings, along with a private park and an HOA. This project is shovel ready for the builder/developer. Approved plans are available upon request. Each unit will contain 3 bedrooms and 2 baths on the upper level, and the first floor will have a kitchen, living room, dining room, full laundry and bathroom, along with access to the garage. The units will be approximately 1,540 square feet each, including a private garage. Estimated Memorandum of Operations and Analysis for the project are available upon request. The proforma for operations shows a 6% annual cap rate for the finished development, based on estimated costs and projected rents averaging $3,000/month per unit.
Location
State CA
County San Joaquin
Area 20601
Zoning Res
Direction From Central, west on Mt. Diablo Ave. From Tracy Blvd., east on Mt. Diablo Ave.
Exterior
Fence Other
Utilities Available See Remarks
Water Access Desc See Remarks
Topography Mostly Level
Street Surface Paved
Road Frontage City Street
Building
Lot Description Shape Irregular,Paved
Sewer See Remarks
Water See Remarks
Schools
Elementary Schools Tracy Unified
Middle Schools Tracy Unified
High Schools Tracy Unified
School District San Joaquin
Others
Senior Community No
Tax ID 235-100-77
Special Listing Condition None