Property Sub TypeDetached
A 6.23-acre nursery established in 1976 with a fine 3-bed residence now rented for over $101,000 a year, a 7.5% return. To a savvy investor with cash or business financing such a return on a property with sub-division potential is an exceptional opportunity. If you want this fine residence for your home, use the nursery income to pay the mortgage. In sought-after Gopher Canyon (3550), the no-freeze zone and with BONSALL SCHOOLS! A detailed color brochure is available at the “for sale” sign.A 6.23-acre nursery established in 1976 with a fine 3-bed residence now rented for over $101,000 a year, a 7.5% return. To a savvy investor with cash or business financing such a return on a property with sub-division potential is an exceptional opportunity. If you want this fine residence for your home, use the nursery income to pay the mortgage. In sought-after Gopher Canyon (3550), the no-freeze zone and with BONSALL SCHOOLS! A detailed color brochure is available at the “for sale” sign. The residence is 1750 Sq. Ft. 3/2 Spanish style home with hand troweled Santa Barbara Coat stucco, a remodeled kitchen with Talavera tile and stainless steel Kitchen Aid pro-style stove and built-in refrigerator. Italian porcelain floors and baseboards throughout, hand plastered walls and mainly high efficiency windows. 360 deg views, sunsets galore, cool summer breezes come up the canyon from the sea, there are sea-mist mornings and the property is in the "no freeze" zone. 6.23 divisible acres in an area of 2-acre minimums means a three-way split is possible subject to usual conditions. There are about 26,000 Sq.Ft. of commercial buildings and about 29,000 Sq. Ft. of greenhouses that produce rents of $65,184 a year and the residence and casita bring in $36,000 a year. Relax in the spa of an evening and watch the multi-million dollar houses all around. Double attached garage and a triple detached garage behind the house used as a workshop. The owner’s growing area has 50 raised beds and with Gopher Canyon's perfect climate your can be self-sufficient in fruit and vegetables. The orchard boasts Avocado, Grapefruit, Three types of Orange, Lemon, Cumquat, Loquat, Apple, Apricots and Pomegranates. The reception room opens to a wet bar and the kitchen and dinning area. The family room is private behind 8’ high French doors. There is an open brick fireplace. Large master has closets behind heavy oak doors and the master bath has a STEAM SHOWER. There are two other bedrooms, one of which is paneled out with shelves as a LIBARY and the guest bath has an external door handy for use when working outside and doubles as a mudroom. The backyard has an area with picnic table and BBQ and is laid to lawn with a high fence to keep pets in and coyotes out. Gopher Canyon is an area of large lots with two acres minimums with many nurseries and horse properties. Sub-division into three parcels is possible and the vacant two-acre south-facing hillside would be fine for horses or grapes. Did I say Bonsall schools! The current owner has designed and developed the nursery to run smoothly with minimal owner input. He has developed good relations and a relaxed approach with tenants. Rents have been kept fair so both he and the tenants have good regard for each other. The owner is now over 70 years old and desires a change. Why else would he give up his golden egg? If you bought this fine property as an investment and rented all units with current owner staying in residence until you would get an income of $101,184 a year. Tenants are responsible for keeping the rented areas clean and neat and for a good part of buildings maintenance so owner’s duties are minimal. Current owner hires casual labor at $15 per hour for no more than 6 hours a week and this covers all that is required. Serious buyers who view the property will receive a package of info on tenants and leases and details of all expenses.