Existing building is not currently used as a residence, but has the potential to be converted to a residence using FHA 203k loan. Most of the value is in the land - 5.2 acres of level ground, zoned R2 with gorgeous mountain views. Several options available including: subdivide to maximum density (12 lot estimate); subdivide into a handful of large lots to support larger homes; or keep the property intact for use as an estate lot with plenty of room for outbuildings, pool, gardens, animals etc. The wooded portion of the property is approximately 2 acres in size. Radio antennas on the property will be removed prior to closing. Developable land is hard to find - don't let this opportunity pass you by!