Property Description
Listing Agent: Jonathan Minerick, Homecoin.com
(1) 5 building lots with existing house in this most exclusive area between California State University, CSUS main entrance, Dels Lane (about 0.6 mile) and Donnelly Park is estimated over? $1,000,000+? 2006 sold for $525,000. Current Owner has invested $275,000+ with Turlock approval drawings. (2) City of Turlock already approved for five lots for house construction. Engineering, and design are completed by us and approved by city. City like to see the project completed ASAP. (3) We are a RE professional ourselves (California). (4) Potentially, using the city approved Kuolin Ct. road inside this big lot. Buyer may be able to build another 3 houses from left hand side neighbor (2205 Dels LN) and 2 or 3 houses from back side neighbor (971 Garden Ct.). However, application and approved are required from City of Turlock. (5) Golden bank in California can help to do construction loans as well as home mortgage loan since JC is one of their best customers for 35+ years. J C credit rating of FICO is exceptional at 830+. Home: Golden Bank, N.A. (6) This is an excellent location for CSUS rental because E-biking/biking distance. Conceptual design with two units in one lot. Each unit has their own entrance and 1.5 bath with 2 beds room. This design provides the flexibilities for live one unit and rent one unit. Additional income of? $2000? Per month is possible. Total is 10 units. Can use as the construction office or crew's resident during construction.
