650 11th st - Apartments FOR SALE


San Miguel, CA 93451
$650,000 USD
805-709-7143
650 11th st, San Miguel, CA for Sale
$650,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

650 11th st
San Miguel, CA 93451


OVERVIEW

**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!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$30 USD /SF

# OF UNITS

2

PRICE/UNIT

$325,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Single-Family Homes with Development Opp

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

021401008

ASK ABOUT THIS PROPERTY

Abel ContrerasInvestSLOMore Info
805-709-7143

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Abel ContrerasInvestSLOMore Info
805-709-7143

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.