27 Ridge Road, Mokelumne Hill, CA 95245
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
27 Ridge Road,Mokelumne Hill, CA 95245
$279,500
- - Beds
- - Baths
- 2,490 sq. ft.
- Multi-family
- Active
Listed by: daniel seider
Office: big trees real estate
MLS#:226048548
Source:MetroList
Price summary
- Price:$279,500
- Price per sq. ft.:$112.25
About this home
Discover a rare investment opportunity on a spacious 5-acre parcel featuring four established rental homes that are currently occupied and generating income. This property delivers immediate cash flow while offering significant upside through targeted improvements and development potential. The four homes provide much-needed affordable housing in the area, attracting reliable tenants and creating a built-in demand for these practical, no-frills residences. While the units would benefit from cosmetic and functional updates (a classic value-add project), they are fully functional and continue to perform as solid rental producers. Rental income varies with market conditions and tenant turnover, but the portfolio has demonstrated consistent occupancy and long-term tenant retention. A standout feature is the existing foundation of a small burned unit, offering a straightforward path to rebuild and restore an additional dwelling. Combined with the possibility of developing one more unit on the expansive grounds (subject to local zoning and approvals), this property has clear potential to expand to five income streamsdramatically increasing net operating income for the savvy investor. Additional property highlights include: Shared well system with electricity paid by the owner and billed back to tenantsproviding a simple, transparent utility arrangement that keeps operations straightforward. Ample acreage for privacy, future expansion, outbuildings, or added amenities that could further boost appeal and rents.Strong investor appeal in a market hungry for affordable rental housing with room to scale. Whether you're looking to stabilize and grow an existing rental portfolio, undertake a value-add renovation for higher rents, or capitalize on the extra-unit potential, this 5-acre gem checks all the boxes for long-term cash flow and appreciation. The current setup delivers hands-off income today while the land and extra foundation unlock tomorrow's growth. Ideal for investors, developers, or owner-operators seeking a turnkey income producer with built-in upside. Serious inquiries onlyproof of funds requested. Contact agent today for detailed financials, rent rolls, and a private showing. Don't miss this chance to own a piece of scalable, affordable housing real estate on prime acreage!...
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Home facts
- Year built:1946
- Listing ID #:226048548
- Added:202 day(s) ago
- Updated:November 07, 2026 at 04:11 PM
Rooms and interior
- Living area:2,490 sq. ft.
Heating and cooling
- Cooling:Varies by Unit
- Heating:Varies by Unit
Structure and exterior
- Roof:Composition Shingle
- Year built:1946
- Building area:2,490 sq. ft.
- Lot area:5.29 Acres
- Lot Features:Corner, Shape Regular
- Construction Materials:Wood
- Foundation Description:Concrete
- Levels:1 Story
Utilities
- Sewer:Septic Connected
Finances and disclosures
- Price:$279,500
- Price per sq. ft.:$112.25
Features and amenities
- Laundry features:Varies by Unit
Parking
- Total parking spaces:20
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