46618 Madison Street # 23

Rare equity opportunity in the highly desirable 55+ community of Rancho Casitas! View the Virtual Tour to see Owners Walk Thru Video. This Fee Land manufactured home is a clean slate for an investor rental or downsizing homeowner, featuring an interior that has already been demolished, cleaned, and prepped for a custom rebuild. Significant value is found in the 2019 roof replacement and an included $3,000 credit toward a new 3-ton, 2-stage heat pump system through Honest Air. The 'blank canvas' layout is ready for your choice of flooring, drywall, and finishes. Owner willing to consider $80K down and carry balance, for renovation, so Buyer can renovate the property, before move in or rental, offering an accessible entry into this premier, walkable location. Please see Renovation Spreadsheet Document. Please note the $160/mo HOA fee increases to $180 in April 2026. A rental cap of 25% has been reached (property is on the waitlist), and buyers must submit exterior plans to the Architectural Committee and City for approval. View the virtual and video tours for a guided walkthrough of this unique project!