Spring Road at Reche Canyon Rd. and Arroyo
available feb 27
license info: Pat O’Brien – Bkr # 00484418
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….. BUILDING LOTS DISCOUNTED !!!… This elderly owner has “retired to Florida” and needs to sell both “1+ acre” building lots ASAP. So he discounted the price for both lots to $148,000 (just $74,000 per lot). These view building sites total 2.11 acres and are located in the beautiful rural community of “Reche Canyon” and are surrounded by custom equestrian estates on similar parcels… These lots already have level building pads for two custom homes. The land also has “on site” Edison Electric, a water well (free water) and even a “rare natural spring” that flows all year. Your “spring” flows into a huge 8,000 gallon storage cistern that is overflowing with “great tasting spring water”… Some bottled water companies will buy “real spring water”… WOW !!!
….. GREAT SELLER FINANCING !!!… This retired seller is motivated, so he is now offering “great financing”. He will sell both building lots (that total 2.11 acres) for just $148,000 to the first buyer with just a $38,000 down payment. He will carry the $110,000 balance as a loan (no bank qualifying, no points or fees) at 4.9% interest only payments at just $449 monthly… Additional PRICE DISCOUNT for an “all cash sale”…. WOW !!!
….. NEARBY HOME PRICES !!!… Near our lots on Reche Canyon Road, is a tract of 92 “new” homes (Crystal Ridge) on “1/2 acre” lots. They are almost sold out with just 5 remaining houses. They priced one 3800 sq. ft. tract house at $998,000 on just a “1/2 acre” lot… Across “Spring Road” from our two building lots is an older home (1987) for sale. It is about 3,000 sq. ft. and priced at almost $700,000 on “1 acre”… Our “1+ acre” building lots are zoned RA-1 for horses and other animals… WOW!!!
….. PROFIT POTENTIALS !!!… With our “1+ acre” view building lots now priced at just $74,000 each and nearby homes priced from about $700,000 to $998,000, there is huge profit potential from building two custom custom equestrian homes… A new owner has several profitable options: (1)You can just “land bank” these “discounted lots” for future profits, (2) get the (free) Riverside County ERP approvals to apply for “grading permits” and then sell each lot “as is” for quick profits or (3) build and sell two custom equestrian estates for the maximum profits…. Construction lenders now only require a 10% cash investment by a new owner for funding. That means that your $38,000 down payment (to buy the lots) may be sufficient for a $380,000 construction loan… You can also earn up to $500,000 in “tax free profits” from the sale of each custom home…. Another option is to build your “dream home” on the best lot and then sell the remaining lot or custom home (tax free) to pay for the “dream home”… WOW !!!
….. PRIME LOCATION !!!… These two building lots are located in the scenic “Reche Canyon” rural community where “wild burros” still roam freely. Yet these 2 building lots are centrally located within 10 minutes of three freeways (the 60, 215 and 10 freeways). Also they are within 15 minutes is the nearby Loma Linda University Hospital, the Pettis VA Hospital, UC Riverside and several city civic centers. These nearby employers are a great source affluent doctors and other professinals that may want to buy a custom equestrian estate near their jobs… WOW !!!
….. BROKER CONTACT !!!… If interested and qualified contact the Broker (Patrick) ASAP at show contact info
for more information. He will email copies of the County zoning requirements, an area map, a parcel map and details on how to earn “tax free profits” from the sale of each custom home. He can meet you at the site to show the property lines, the water well and open up the “spring water cistern” for your inspection…. WOW !!!
- do NOT contact me with unsolicited services or offers
post id: 6009084339
posted: 2017-02-18 9:47am
updated: 2017-02-27 8:19pm
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