

Listed by Coldwell Banker Excel
$2,500,000
720 Broyles Ranch Road
Details
APN 002-253-02
Property Type Land
Sub Type Commercial
Square Footage 18,430
Year Built 1981
Acreage 1.700
Land | 1.7 acres
Marketing description
Investment opportunity with tenants in place offering cash flow, this property enrolled in tenant support programs offered by USDA rental housing assistance. 1 and 2 bedroom units available. 24 units total, 6 separate quadraplex buildings. This offering and any subsequent Purchase and Sale Agreement ("PSA") are subject to approval by majority vote from ownership partners with the property. No offer, letter of intent, negotiation, draft agreement, or executed PSA shall be deemed fully accepted, binding, or enforceable until approved and executed by all required ownership parties. Additionally, the property is operated as a USDA subsidized low-income housing complex and is subject to all applicable rules, regulations, restrictions, approvals, and oversight requirements of the United States Department of Agriculture ("USDA") and any associated rural housing or subsidy programs. Any proposed sale shall remain contingent upon USDA review and approval. Seller reserves the right to continue marketing the property, review alternative offers, and negotiate terms until ownership and USDA approvals have been obtained and closing documents are fully executed. USDA restrictions expire 4/16/2031
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Listed by Coldwell Banker Excel
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