1007 Buschmann Road
1007 Buschmann Road
$2,700,000
3
63
40,500
40,500
$67
Description
What a fantastic investment opportunity with additional value add development. Located in the heart of Lower Paradise, there are 10 fully rented, ADA compliant turn key 2 bedroom, 2 bathroom units on the property, the first investment step is already done! The owners have taken on most of the planning and preparation, having full architectural plans completed by Nichols, Melburg & Rossetto Architects & Engineers. With build-ready plans available and ready to submit to the town, you can generate rental...What a fantastic investment opportunity with additional value add development. Located in the heart of Lower Paradise, there are 10 fully rented, ADA compliant turn key 2 bedroom, 2 bathroom units on the property, the first investment step is already done! The owners have taken on most of the planning and preparation, having full architectural plans completed by Nichols, Melburg & Rossetto Architects & Engineers. With build-ready plans available and ready to submit to the town, you can generate rental income while you renovate and revitalize the main building on the property. The proposed plans consist of 43 additional units; 15 one bedroom, one bathroom units and 28 studios units. The property consists of two parcels both zoned multi-family. The main parcel with the structures, is 6.13 acres, and the neighboring parcel is an additional 2.87 acres totaling 9 acres. This property is served by a new clustered wastewater treatment system. According to zoning requirements, this facility should have the potential to be permitted at a density of 15 units per acre, offering the potential to add significantly more units! With a vision and legwork, this is your opportunity to invest in the future of Paradise!
- Listed by Hobie Jensen • DRE #01990048 • Brokerage DRE #02065919 • Parkway Real Estate Co. • 5305919686
- Listed by Stephanie Jensen • DRE #01990102 • Brokerage DRE #02065919 • Parkway Real Estate Co.
Property Details for 1007 Buschmann Road
Architectural Style
Traditional
ViewNeighborhood
Parking Spaces Total10
Private PoolNo
Cooling TypeCentral
Total Units53.0
Building TypeAttached
Lot Size SourceAssessor
Location
LISTING UPDATED: 02/14/2024 02:28 AM
Property Details for 1007 Buschmann Road
Status | Active |
---|---|
MLS # | SN24030705 |
Days on Compass | 84 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1999 |
Lot Size | 9.00 AC / 392,040 SF |
County | Butte County |
Location
Building Information for 1007 Buschmann Road
Stories2Residences-Year Built1999Building Size-Lot Size9.00 AC / 392,040 SF
Payment Calculator
$15,959 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1007 Buschmann Road
Property History for 1007 Buschmann Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1007 Buschmann Road
Taxable ValueLand$156,060Additions$1,165,248Total$1,321,308
Tax Record2023$14,690 ($1,224 / month)
Home Facts
Total Finished SqFt45,481 SqFtAbove Grade Finished SqFt45,481 SqFtStories2Lot Size267,022 SqFtStyleMulti-Family Dwelling (2-4)Year Built1999Zoning00000002CountyBUTTEAPN054-050-099-000
Schools near 1007 Buschmann Road
This home is within Paradise Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Paradise Elementary School PublicK to 5 | ||
Paradise Intermediate School Public7 to 8 | ||
Paradise Senior High School Public9 to 12 | ||
Honey Run Academy Secondary Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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