Home | Calaveras County | Mokelumne Hill | 95245 | 27 Ridge Rd
MLS: ME226048548 | Status: Active | Price: $279,500
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,490 | 5.29 | – |
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
| Field | Value |
|---|---|
| MLS # | ME226048548 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 5 |
| Feature | Details |
|---|---|
| Flooring | Other |
| Cooling | Varies by Unit |
| Heating | Varies by Unit |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab, Other |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Garage: 0 Car(s) |
| Elementary District | Calaveras Unified |
| High School District | Calaveras Unified |
| Water | Well |
| HOA Fee | $0 |
| Zoning | RA-20 |
Daniel Seider
Big Trees Real Estate
License #: 01162206
Phone: (209) 743-1061
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 5 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 990 | 2 | 1/0 | $875 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Rail Road Flat Elementary School | public | K-6 | 0.37 mi | N/A |
| West Point Elementary School | public | K-6 | 4.53 mi | 4 |
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This listing information is up-to-date as of April 18, 2026. For the most current information, please contact Daniel Seider, (209) 743-1061.