37030 Magnolia St, Newark, CA 94560

$1,650,000
List Price
$1,650,000
Status
ACTIVE
MLS#
40892709
Lot Size
15,000
Type
Land
Zip
94560
city
Newark
Neighborhood
Olde Towne

Property Description

Attention all Builders and Developers! Here's a fantastic opportunity to bring 6 to 7 condo/townhome units online in the Old Town Newark redevelopment area * Preliminary review done by the City of Newark with comments; a copy of the detailed planner guidelines and architectural elevations are available by request * Currently two homes exist and are rented with a monthly income of $5,050 per month; you'll have income coming in while you finalize your building plans * Currently tenant-occupied, kindly do not disturb the residents!

Additional Information

Lot Description
Level
Water Sewer
Sewer System - Public, Water - Public
Building Type
Lots and Land
Zoning
R16
Acres
0.34
School District
Newark (510) 794-2141

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Nicole Causey from Everhome

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