
Alexis McGee Group, Inc.
1601 Alhambra Blvd. #100, Sacramento, CA 95816
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916-209-0929Live Oak AvenueGalt, CA 95632Off MarketSave
9BD
6BA
3966SqFt
UPDATED
Key Details
Property Type Vacant Land
Listing Status Off Market
Purchase Type For Sale
Square Footage 3,966 sqft
Price per Sqft $428
Lot Size 50.060 Acres
Year Built 1973
MLS Listing ID A1577995871
Property Description
OFF MARKET LAND DEVELOPMENT OPPORTUNITY: Autumn Ranch Estates, Galt, CA
• 50 Acres
• 24 Lots (2 acres each)
• Sales Price: $1,700,000
• Includes Tentative Map application (submitted), engineering, plans and all work product
• Lot Price: $70,833/each
• Or Joint Venture Partner: $400,000 (25% equity)
Contact Alexis@alexismcgeegroup.com for full offering package, including the detailed P&L for the potential build-out of the 24 residential lots. Package includes accurate numbers based on engineer's estimates and real world cost quotes. The P&L shows a gross land residual value over the purchase price to the land developer of close to $400,000 with an after purchase price of $1,700,000. There is also over $3,100,000 in Builder profit. The Total Profit is $3,300,000. You will also find all the details for the 24 lots, 3 existing houses, plus $40,000 - $50,000 income per year, dairy property. Plus, you’ll find the "as is" Appraisal of $1,580,000 from Feb 2018, completed prior to the tentative map. Surrounding newer homes sell for $775,000 for 2879 sf on 1.7 acres. We will have the first gated community, 3,000 sf on 2 acres, using a conservative ARV of $699,000 (15% below market). Comps are included. Hurry, this is a great development opportunity!
Location
State CA
County Sacramento
Exterior
View Pasture
Building
Lot Description Agricultural Leveled
Others
Special Sale None
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Listing provided by Alexis McGee Group, Inc.
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