Paradise, CA 95969 1007 Buschmann Road
$2,700,000
55 more
Presented By: Hobie Jensen with Parkway Real Estate Co.; 5305919686
Beds • 35
Baths • 4
SQFT • 40,500
Garage • 10
Home Details
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!
Presented By: Hobie Jensen with Parkway Real Estate Co.; 5305919686
Interior Features for 1007 Buschmann Road
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Street SuffixRoad
Total Stories2
Other Rooms
Entry Level1
General for 1007 Buschmann Road
AccessibilityNoStairs, AccessibleEntrance
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, GasWaterHeater, Refrigerator
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityParadise
Community FeaturesMountainous
ContingencyBuyer to cooperate with seller's 1031 exchange.
CoolingCentralAir
CountyButte
Days on Market
DirectionsScottwood or Clark to Buschmann Rd
Electric Expense0.0
Entry LocationFront
ExclusionsTenants personal property
Exterior FeaturesRainGutters
Fuel Expense0.0
Garage Spaces10.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense6577.0
Interior FeaturesMultipleStaircases
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Listing TermsCashtoNewLoan, Submit
Lot Size Square Feet392040.0
MaintenanceExpense11978.0
MobileHomeRemainsYNNo
Net Operating Income107538.0
New ConstructionNo
Number of Units Leased10
Operating Expense53327.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionFixer, Turnkey
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Security FeaturesFireSprinklerSystem, SmokeDetectors
Senior Community Y/NNo
SewerEngineeredSeptic
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameBuschmann
Taxes$29,700
Tenant PaysElectricity, Gas
Total Actual Rent13679.0
Total Units53
Trash Expense2062.0
UtilitiesElectricityConnected, NaturalGasConnected, WaterConnected
ViewNeighborhood
View Y/NYes
Water Sewer Expense2581.0
Waterfront Y/NNo
Year Built1999
Year Built SourcePublicRecords
Zoning00000002
Exterior for 1007 Buschmann Road
Building Area Total40500.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1115UnitsAcre
Lot Size Acres9.0
Lot Size Area392040.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings6
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarageFacesFront
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking10.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480