Description
RANCHO GRANDE. Rare property with 10.5 acres total. East of 441/Turnpike. Near Hardrock hotel and casino. 4 acres currently have income producing properties on them. There are currently 9 apartments/bungalows throughout this parcel. 6 of the 10.5 acres are labeled as agricultural and are currently used as equestrian area. The main home is 5 bedrooms/ 7 bathrooms. Potential to convert detached man cave and cabana rooms into additional apartments. Reflected cap rate and NOI are reflecting potential rents since some are vacant or rented at discount. The property has a commercial outdoor kitchen with massive pool and waterslide. 6 car garage. Exotic tropical fruit trees throughout. Brand new barn with 8 horse stables for additional income. CAN BE DIVIDED INTO TWO*MAKE UNIQUE OFFER
Map
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