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Ridge Road

Mokelumne Hill, CA 95245

$279,500 $1,178/Mo

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Description

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 standou t 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!

Property Details

Property Type : Residential Income

Price : $279,500

AD Id : 77592549

MLS Id : 226048548

Living Area Size : 2,490

Year Built : 1946

County : Calaveras

Map

Features

Water/Sewer

Sewer: Septic Connected
Flooring Information

See Remarks
Roofing Information

Composition
Interior Features

Roof: Composition Laundry Features: Varies by Unit
Heating & Cooling

Heating: Varies by Unit Cooling: Varies by Unit WaterSource: Well

Building Information

Year Built: 1946 Stories: 1 Construction Materials: Wood Roof: Composition Foundation Details: Concrete, SeeRemarks
Exterior Features

Foundation Details: Concrete, SeeRemarks
Laundry Features

Varies by Unit

Lot Information

Lot Description: Corner, Shape Regular Lot Square Feet: 230,432 Stories: 1 Main Square Feet: 2,490 Topography: Level

Property Information

Property Type: Residential Income Sub Type: Quadruplex SQ ft (Living Area): 2,490 Construction Materials: Wood Property Age: 80 Cross Street: Railroad Flat Source Neighborhood: 22029 Postal Code Plus 4: 9442 Area: Mokelumne Hill S: 95245 Zoning: RA-20 Living Area Source: Broker Structure Type: House(s)

Farm Info

Irrigation Source: None

Listing Price Information

Listing Id: 226048548 List Price: $279,500 List Price Tot SqFt: $112

Tax Information

Parcel Number: 014-015-025-000

Parking Information

Parking Total: 20 Off Street

Elementary School District: Calaveras Unified

Junior High School District: Calaveras Unified

Senior High School District: Calaveras Unified
Utility Information

Electric
Location Information

Direction: Highway 26 to Ridge Road, or Mountain Ranch Road to Railroad Flat Road to the Corner of Ridge Road

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