Sacramento 0.71 Acre Opportunity Zone Land offering tax incentives + RD-30

One of two RD-30 land parcels FOR SALE in an Sacramento Opportunity Zone (U.S. tax incentive program): Build up to 21 units on this flat mostly cleared land that borders utilities, existing home tracts, sidewalks, curbs, storm drain, two paved driveways and a city street, all of which could help streamline the development process. Seller is open to sell this lot together with its adjacent twin parcel where you can also build up to an additional 21 units. (7525 Power Inn Rd Sacramento, CA 95828). Buying the adjacent twin lot at a separate offer would open up the door to build out to a max of 42 units. Alongside the tax benefits of Opportunity Zoning this lot was also recently upzoned to RD-30 showing the County's encouragement for new construction. The tax benefits of investing in an Opportunity Zone are: 1.) Deferral of the original capital gains taxes invested in a Qualified Opportunity Fund (until 2026 or upon the sale of the investment whichever is first) 2.) Reduction of capital gains on the original gain investment by 10% basis points after a 5-year hold and 15% basis points after a 7-year hold 3.) Tax free appreciation on the original capital gains if an investment is held for at least 10 years, the investor pays no capital gains taxes on appreciation in the investment above the original capital gains investments. Sell or rent out new homes in a wonderfully established Infill neighborhood with a strong built-in demand for housing. Find yourself just a couple minutes away from Florin Town Center, HWY 99, and HWY 50. Also enjoy easy commuter access to highly rated schools in the Elk Grove Unified District, Little Saigon, Downtown Sacramento, International Dining, Shopping and more everyday amenities. Buyer to verify all info and all development possibilities with the appropriate agencies.