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27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo
27 Ridge Rd, Mokelumne Hill, CA 95245 Photo

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27 Ridge Rd
Mokelumne Hill, CA 95245
$279,500
2 Beds | 1 Baths | 2490 sqft | 5.29 Acreage

Discover a rare investment opportunity on a spacious 5-acre parcel featuring four established rental homes that are currently occupied and generating income. This property delivers immediate cash flow while offering significant upside through targeted improvements and development potential. The four homes provide much-needed affordable housing in the area, attracting reliable tenants and creating a built-in demand for these practical, no-frills residences. While the units would benefit from cosmetic and functional updates (a classic value-add project), they are fully functional and continue to perform as solid rental producers. Rental income varies with market conditions and tenant turnover, but the portfolio has demonstrated consistent occupancy and long-term tenant retention. A standout feature is the existing foundation of a small burned unit, offering a straightforward path to rebuild and restore an additional dwelling. Combined with the possibility of developing one more unit on the expansive grounds (subject to local zoning and approvals), this property has clear potential to expand to five income streamsdramatically increasing net operating income for the savvy investor. Additional property highlights include: Shared well system with electricity paid by the owner and billed back to tenantsproviding a simple, transparent utility arrangement that keeps operations straightforward. Ample acreage for privacy, future expansion, outbuildings, or added amenities that could further boost appeal and rents.Strong investor appeal in a market hungry for affordable rental housing with room to scale. Whether you're looking to stabilize and grow an existing rental portfolio, undertake a value-add renovation for higher rents, or capitalize on the extra-unit potential, this 5-acre gem checks all the boxes for long-term cash flow and appreciation. The current setup delivers hands-off income today while the land and extra foundation unlock tomorrow's growth. Ideal for investors, developers, or owner-operators seeking a turnkey income producer with built-in upside. Serious inquiries onlyproof of funds requested. Contact us today for detailed financials, rent rolls, and a private showing. Don't miss this chance to own a piece of scalable, affordable housing real estate on prime acreage!

Listed By / Presented By

Listed By

Agency Name: Big Trees Real Estate
Agency Phone: 209-795-4712
Agent Name: Daniel Seider

Presented By

Agency Title: Chase International Real Estate
Agency Phone: 775.588.6130

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Contact a Chase Agent for More Information

Property Details

Property Type: Multi Unit - Multiple
Cooling: Varies by Unit
Heating: Varies by Unit
Lot Size: 5.29 Acres
Roof Type: Composition
Stories: 1.0
Year Built: 1946
MLS ID: 226048548

Feature Descriptions

Exterior: Wood
Flooring: See Remarks
Laundry: Varies by Unit
Laundry Features: Varies by Unit
Lot: Corner, Shape Regular
Parcel#: 014-015-025-000
Parking: Off Street
Sewer: Septic Connected
Topography: Level
Units: 4
Utilities: Electric
Water: Well

Schools

High School: Calaveras Unified
Middle School: Calaveras Unified
Elementary School: Calaveras Unified

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Demographics

Estimate My Payments

  • Estimated Payment
    $703.57
  • Principal & Interest
    $622.05
  • Property Tax
    $0.00 (data not provided by mls)
  • Homeowner's Insurance
    $81.52
(Payments are an estimate and may vary by lender)

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