27 Ridge Rd - Apartments FOR SALE


Mokelumne Hill, CA 95245
$279,500 USD
209-743-1061
27 Ridge Rd, Mokelumne Hill, CA for Sale
$279,500 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

27 Ridge Rd
Mokelumne Hill, CA 95245


HIGHLIGHTS

  • Established income-producing property with four occupied rental units delivering consistent cash flow.
  • Existing foundation from a removed unit offers straightforward rebuild opportunities for an additional dwelling.
  • Approximately 5 acres provide flexibility for added amenities, outbuildings, or expanded development (subject to local approvals).
  • Shared well system with owner-managed electricity costs billed back to tenants, ensuring operational simplicity.

OVERVIEW

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 tenants providing 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 only proof 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!

FOR SALE DETAILS

PRICE

$279,500 USD

PRICE/SF

$112 USD /SF

# OF UNITS

4

PRICE/UNIT

$69,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.54 AC

LAND SF

197,894 SF

ZONING

RA-20

APN/PARCEL ID

014-015-025-000

ASK ABOUT THIS PROPERTY

Daniel SeiderBig Trees Real EstateMore Info
209-743-1061

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Daniel SeiderBig Trees Real EstateMore Info
209-743-1061

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.