2 Single-Family Homes with Development Opp | 650 11th st
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2 Single-Family Homes with Development Opp 650 11th st
2 Unit Block of Flats £509,145 (£254,572/Unit) San Miguel, CA 93451
Executive Summary
**INVESTORS AND DEVELOPERS** 0.5-acre lot with 2 HOMES, both consisting of 2 bedrooms and 1 bathroom! Situated in a prime location and zoned recreational, this property offers a multitude of possibilities. The two existing homes do require some tender loving care (TLC), their potential is boundless. Alternatively, for those with grander ambitions, the option to develop 7 units awaits. With the appropriate permits and vision, this lot could be transformed into a thriving community hub. Whether you choose to add accessory dwelling units (ADUs) to the existing homes or embark on a larger-scale development project, the profit potential is immense. Adding to the appeal of this property is its location amidst a neighborhood of newly developed homes. As the area continues to grow and evolve, seize this opportunity to capitalize on the real estate market in San Miguel! Whether you're a seasoned investor or a budding developer, this property offers endless possibilities for growth and success. Schedule a viewing today and unlock the potential of this remarkable investment opportunity!
Property Facts
Price | £509,145 | Property Subtype | Apartment |
Price Per Unit | £254,572 | Building Size | 21,780 SF |
Sale Type | Investment | Average Occupancy | 0% |
No. Units | 2 | Number of Floors | 1 |
Property Type | Residential | Year Built | 1950 |
Price | £509,145 |
Price Per Unit | £254,572 |
Sale Type | Investment |
No. Units | 2 |
Property Type | Residential |
Property Subtype | Apartment |
Building Size | 21,780 SF |
Average Occupancy | 0% |
Number of Floors | 1 |
Year Built | 1950 |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1 | 2 | - | 768 - 823 |
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2 Single-Family Homes with Development Opp | 650 11th st
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