An exceptional and rare investment opportunity in the heart of Newcastle! This unique property includes two adjacent parcels being sold together: 320 Taylor Road, featuring three separate single-family residences on one lot, plus the neighboring 350 Taylor Road, a vacant lot. Main home has 5 Bedrooms, 2 Baths, and 3566 Sqft. The Cottage has 2 Bedrooms, 1 Bathroom, and 840 Sqft. The last home is a studio style with 1 bathroom and 430 Sqft. Both properties are zoned Mixed Use - tremendous potential for investors, developers, or owner-users alike. All three homes at 320 Taylor Road are currently leased to a single tenant, generating $8,500/month in gross rental income - providing immediate, stable cash flow from day one. The adjacent vacant lot at 350 Taylor Road offers additional development potential, whether for additional residential units, commercial space, or a combination of both. This property is Ideally situated with quick and convenient access to Highway 80, and outdoor enthusiasts will love being just minutes from the North Fork of the American River and Folsom Lake. The location also places you close to local shops, restaurants, and everyday amenities. Whether you're looking for a property with multiple homes for you and your family, to expand your investment portfolio, capitalize on the existing rental income, or explore the development possibilities that Mixed-Use zoning affords, this is a truly versatile property in one of Placer County's most charming and well-connected communities. Please do not disturb tenants. All showings by appointment only.
91 days
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538
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34
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Zillow last checked:
Listing updated:
Listed by:
Matthew McNicholasDRE #02066945530-903-6875,
Future Homes and Real Estate,
James ArendsDRE #02077374916-218-5477,
Future Homes and Real Estate
Source: MetroList Services of CA,MLS#: 226047934Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
Rooms
Room types: Dining Room, Family Room, Kitchen, Laundry, Living Room
Dining room
Features: Formal Area
Kitchen
Features: Stone Counters
Heating
Central, Ductless, Gas, Natural Gas
Cooling
Ceiling Fan(s), Central Air, Ductless
Appliances
Included: Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood, Dishwasher, Microwave, Free-Standing Gas Oven
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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