$695,000
$759,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
47411 Cottonwood RD Newberry Springs, CA 92365
4 Beds
3 Baths
2,055 SqFt
Key Details
Sold Price $695,000
Property Type Single Family Home
Sub Type Farm
Listing Status Sold
Purchase Type For Sale
Square Footage 2,055 sqft
Price per Sqft $338
MLS Listing ID ML81933585
Sold Date 10/04/23
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1968
Lot Size 56.865 Acres
Acres 56.8647
Property Description
Here is your opportunity to invest in a producing Kerman Pistachio Farm with a 4/3 2000+/- sq. ft ranch house and RV pad on 56 +/- acres in Newberry Springs, CA of San Bernardino. This farm has over 3500 7 years young, producing Kerman Pistachio trees on 40 acres of Cajon Loamy Sand 7e soil. The trees have a long life ahead of them and the production is a cap rate of approx. 7%. The remaining acreage is ready for your expansion and includes a 4 bed 3 bath 2000+/- sq. ft. home, RV pad, and 2500 +/- sq. ft. storage building. The site has a gated entry and perimeter fencing. The well has good production with 3 phase power. Rent out the Ranch house and your cap rate can exceed 8%.
Location
State CA
County San Bernardino
Zoning RL-5
Interior
Fireplace No
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence Barbed Wire
Utilities Available Other
View Y/N No
Roof Type Other
Attached Garage No
Total Parking Spaces 2
Building
Water Agricultural Well
Architectural Style Ranch
New Construction No
Schools
School District Other
Others
Tax ID 0531141270000
Financing Private
Special Listing Condition Standard
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Bought with RECIP • Out of Area Office