The auction for Hubzu property 501109947280 ends 08-21-2023 at 04:00 PM ET. Why wait? Bid on this property now. Visit Hubzu.com to get started. 3244 Panama Ave - APN 273-0301-019-000 3252 Panama Ave - APN 273-0301-018-000 Both properties being sold together for a combined 0.75 acres Attention Savvy investors! This is a deal you simply cannot afford to miss! We present to you two adjoining parcels nestled in the highly sought after community of Carmichael, less than 2 miles from Riverside Golf Course and Ancil Park Nature Center, bordering the Sacramento River, Parcel 1 - A dream renovation or rebuild opportunity in a unique SPA Zoning Area This parcel offers a fantastic 3 BR, 2 Bath home, spanning across an impressive 2,276 Sq Ft. Situated on a spacious .35 acre lot, this property has immense potential. Whether you prefer to renovate the existing home to suit your vision or start from scratch and build your dream masterpiece, the choice is yours. the possibilities are endless and the ARV spread is incredible! Seller has paid $60K to start the permitting process on the existing home. Comparable .36 acres parcels in standard residential neighborhoods are selling for a staggering range of $434,720 to $465,645. Move-in ready homes on. 35 acres are valued between $650,000 and $779.950. The potential returns are simply remarkable! Parcel 2 - A Unique SPA Zoning Area Adjacent to the first parcel lies the second parcel, boasting a generous .36 acres lot. This parcel is located in a Special Planning Area (SPA) zoning, allowing for specific regulations and land uses that go beyond the ordinary. These exceptional zoning previsions grant you the freedom to create something truly extraordinary and tailor-made for the community's needs, beyond your standard residential uses like multi-family units, such as condos or apartments, for the highest and best use. Take advantage of the ever-growing demand in this desirable community and watch you investment soar!
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