7486 Nebraska AveSelma, CA 93662

Exceptional investment opportunity in Selma, CA! This multifamily property boasts a 1,730 sq ft apartment building situated on a sprawling 10-acre parcel of land currently producing almonds. The almond orchard, featuring 15-year-old Nonpareil and Monterey varieties, is irrigated by a sprinkler system and serviced by two wells – one for the house and one for the farm. The property also benefits from access to CID water (buyer verification required). The apartment building itself includes four bedrooms and three bathrooms, with a potential fifth bedroom or office space. Recent updates have been made to the house. Please note that the tax records understate the actual square footage of the building. Potential buyers should be aware of the Sustainable Groundwater Management Act (SGMA) and its implications for groundwater pumping, and are encouraged to review the SGMA website for further details. This property presents a unique blend of residential and agricultural income potential, making it an attractive investment for discerning buyers. The asking price is $899,000, reflecting a price per square foot of $519.65. This represents a significant price reduction from the original listing.