We are pleased to present for sale 3909 Madison Street, a 47,916 SF lot with 4 separate homes. This is an ideal redevelopment project for a small home builder. The property is presently zoned R-1 7000, which allows for up to 6 homes to be built. During the entitlement and construction process the existing 4 homes will be generating a monthly income of approximately $5,875 per month. This property is conveniently located in Central Riverside, just north (0.70 miles) of the Riverside 91 Freeway and walking distance to Ramona High School.
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