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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!

Attachments

11th St 650 -OM

Property Facts

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
  • Listing ID: 31547597

  • Date on Market: 18/04/2024

  • Last Updated:

  • Address: 650 11th st, San Miguel, CA 93451

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