i..... LEASE or LEASE OPTION !!!... Investor/Builder/Farmer - "Alert".... This "flat 8 acre" parcel was part of a former "38 acre" landscape nursery. This "out of area" owner needs to move this project ASAP... Now he will lease for $120 per acre ($960 per month) or lease with option to buy at $398,000. Nearby vacant lots (about 9 acres each) are priced at over $1 million (these listings provided upon request)... He will finance the sale with just a $98,000 down payment. The seller will carry the $300,000 balance as a loan (no bank qualifying) at 3% interest only payments of just $750 a month... WOW !!! ..... GREAT ZONING !!!... The Riverside County zoning of "RA-1". This zoning makes it easy to divide this project into 8 "one acre" lots. Then the cost of each "one acre" building site is just $49,750... This project owns the valuable "water rights" for access to an unlimited supply of "free well water" for housing, ranching and/or farming... The cost to connect each lot to the nearby District water is about the same as installing each water well... Zoning permits raising up to 9 horses or any combination of most domestic animals... With unlimited "free well water", this fertile land can earn huge yearly incomes from farming cash crops like "organic produce", "lavender flowers", etc... One "lavender farm" earns a yearly gross income of over $1 million on just "7 acres"... WOW!!!..... LEASE/OPTION ALL 38 ACRES !!!... Lease at $100 per acre option to buy at just $988,000 !!!
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