An outstanding residential development opportunity in a blazing hot market, this offering consists of two adjoining parcels totaling 7.18 acres zoned R2 (Multi-family Medium Density) allowing up to 6 dwelling units per acre. Located less than 1/2 mile from Highway 49 midway between Auburn and Grass Valley and near Lake of the Pines and the outstanding South County schools of Bear River, Magnolia and Cottage Hill. Adjacent to the recently developed 79-home Cascade Crossing subdivision that is seeing rapidly escalating values and multiple over-ask bids on resales. The property has a gentle upslope topography with desirable southern exposure. Underground sewer, water and power in place at front of property. Potential rental income of $3600/mo post-closing while obtaining entitlements! This is a developer's dream site! This property is currently IN ESCROW!