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Manning Avenue San Joaquin, CA 93660
- Other / Rent To Own
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Property Details for null St, San Joaquin, CA 93660
Facts
- Property ID : View Details
- MLS Number : View Details
- Parcel Number : View Details
- Property Type : View Details
- County : View Details
Sale Type
Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.
Description
This is a Leasehold Purchase+/-135.21 Ac. - Almond Leasehold Purchase - San Joaquin, CA. Property is located on the south side of Manning Avenue btwn S. Yuba & S. Placer Avenue in San Joaquin, CA.Property is planted to 9th leaf Almonds, which are transitioning to an organic orchard (estimated organic certification is expected within 2024). Trees were planted in March 2015 on Hansen Rootstalk with a spacing of 22 x 15.+/-50% Nonpareil+/-25% Monterey+/-25% Wood Colony.Property is located in James Irrigation District and part of James GSA. There is a drip irrigation system in place and weedmats, which offer minimal weed management costs compared to other orchards.Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. Said plans may limit ground water pumping. For more information please visit the SGMA website at www.sgma.water.ca.gov/portal/.RemarksThe purchaser is acquiring the trees ONLY and will be entering into an ongoing lease agreement. The lease duration extends until October 1, 2036, with the inclusion of five (5) one-year extension options. The rental fee is set at $500 per acre, subject to a 2% annual escalation beginning in 2021. Furthermore, bonus rent applies to any income exceeding $4,000 per ac.
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Property Brokerage:
Schuil & Associates
5020 W. Mineral King Ave., Visalia, CA 93291
Visalia
CA
93291
Copyright © 2024 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.