25012 Avenue 24 Chowchilla, CA 93610
- Commercial real estate
- 100.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 25012 Avenue 24
- Lot size
- 100.46 lot acres
- Property type
- Commercial real estate
- APN
- 030-291-002
Description
Exceptional investment opportunity in Chowchilla, CA, featuring 100.46± acres of young, producing almond orchards planted on Nemaguard rootstock and currently in their 6th leaf. This property boasts significant income potential with two rental houses generating monthly income: a 2,985 square foot, 4-bedroom, 3-bathroom house built in 1983, currently rented for $1,000 per month, and a smaller studio unit with a historical rental rate of $500 per month. Further enhancing the income stream is a shop currently rented for $700 per month, providing additional revenue. A modular home with a current life estate is also situated on the property. The land is zoned AE-40 and is located within a Williamson Act contract. The property is served by the Madera Irrigation District. This offering presents a compelling combination of agricultural income, rental income, and potential tax depreciation benefits, making it an attractive investment opportunity. The asking price is $2,963,570, with a price per acre of $29,500. The property's APN is 030-291-002 and is located at 25012 Avenue 24, Chowchilla, CA 93610.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chowchilla
- County
- Madera
- State
- California
- Longitude
- -120.08822775977
- Latitude
- 37.097949088901
