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Courtesy: Serina I. Vargas - Tinetti Realty Group
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Fresno Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

27592 Avenue 16 Ave,  Madera CA, 93638

(Active)
$1,300,000
|
3 beds, 2.5 baths, 2,367 sqft
|
MLS# 609482

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Last Updated: 4/29/2024 10:48 AM
Description for 27592 Avenue 16 Ave Madera, CA 93638
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.
Price
$1,300,000
Madera
3
2.5
2,367 (approx)
609482
Active
Description
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.
Listing Information
Property Type: Single Family, 1 Story
3 2.5
9.15 Acres 2,367 (approx) 2002
Yes-2 spaces Yes-1 space 1
Public
Public Sewer
Neighborhood
School Information
District: Madera Unified
John Adams Jack G. Desmond Madera
Room Information
Interior Features
Other, Central
Exterior / Lot Features
2 Garage Spaces, 1 Carport Spaces, Attached
Driving Directions
Exit Hwy 99 onto W Cleveland Ave; Turn left onto N Lake St; Turn right onto Kennedy St; Kennedy turns into Ave 16. Property is on the right hand side
Listing Price History

Madera Real Estate

Madera is located in California. Madera, California 93638 has a population of 65,397.

The median household income in Madera, California 93638 is $49,137. The median household income for the surrounding county is $60,187 compared to the national median of $66,222. The median age of people living in Madera 93638 is 36 years.

Data provided below are primarily sourced from Public Records data.

Nearby Recent Sales (Sourced from Public Records)
Street Address City Beds Baths Sold Price Sold Date
No information is available for recently sold properties within this search.
Price History
Date Event Price Source
3/15/2024 Active $1,300,000  USD  MLS info
Courtesy: Serina I. Vargas - Tinetti Realty Group
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Fresno Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last refreshed on 4/29/2024 10:48 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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