Property Detail

Description

Incredible potential for a large Multi Unit complex in the heart of Paradise. Property consists of two parcels, with total of 5.09 acres MF zoning. Prior to Camp Fire was Shelter Cover Apartments, 32 units with carports and 8 total buildings, 4 units per. Currently is a 1- 4 unit building onsite, which was completely renovated after fire, and all new, 4-1bedroom units. Located in center of proposed sewer system area, which would allow for up to 30 units per acre if and when sewer connection becomes available. Currently approved for 32 units, If the buyer is interested in increasing the total unit count to 75, that could potentially be supported by the zoning which allows up to 15 units/ac with the use a clustered wastewater system (common area engineered system). That process starts with the buyer connecting with a wastewater engineer to do wastewater calculations, and soils testing, to submit to the Onsite Wastewater Division for review and approval through a “Land Use Review. If and when sewer take place, the unit count could be increased to 150 units making this an outstanding long term income stream or potentially massive re sale value. Several points for ingress/egress in place, with all the older septic tanks removed, making it easier for developing, and laying out the site for flow with unit placement, with the current 4 unit building tucked to North West corner at Lovely Lane. The potential here is incredible, investment groups welcome, or the savoy individual investor!!