Amazing property! Income property plus 23 acres of farmland! GRM: 18.8 actual/13.5 proforma. CAP: 4.3 actual/6.4% proforma (numbers include estimated Fruit Stand income). Multiple streams of income: 3 rental units (original 3/1 house, barn converted to a 3/1, garage converted to nice 1/1) earning $36,000 (HUGE rental upside and no rent control!), 23 acres currently leased at $9,775/year, a permitted fruit stand that could net at least $24,000/year. Many other ways this property could generate income. Rents are about half what they should be. The property has 24.8 total acres on 2 parcels, 841-50-027 (13.8 acres) & 841-50-028 (11.0 acres) with fruit trees, grapes, vegetables, a utility shed, a "treehouse" for the kids, and 2 creeks at the back of the property. Property is on PG&E for both gas and electricity. Private well produces plenty of water to irrigate all 23 farmed acres and more. The 23 farmed acres are leased through Oct 31, 2018.
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Listing Courtesy ofLosness Investment Real Estate