GRIDLEY UNIT 1
14.82 ASSESSED ACRES, M/L- 43 TENTATIVE MAPPED LOTS BUTTE COUNTY, CALIFORNIA
LOCATION: The property lies just south of Sycamore Street and west of Randolph Avenue in Gridley, California. (See attached aerial).
DESCRIPTION: The subject property lies in the City of Gridley and consists of one assessor parcel known as 010-270-121 (14.82 acres). The subject property has a tentative tract map of 43 single family lots.
SOILS: See attached soils map.
PURCHASE PRICE: $592,800. The purchase price equates to $40,000 per assessed acre or $13,786 per paper lot based on the tentative map of 43 lots.
COMMENTS: The two properties totaling 27.37 assessed acres can be purchased together or separately. Additionally the timing to purchase zoned residential development property, at close to agricultural prices, may be perfect given that the housing market peaked in the summer of 2005. We are now coming up on nine years from the peak and the housing market is heating up. The current housing inventory is very low and houses are getting multiple offers from eager buyers. Call us now for more details on this great investment opportunity.