Property Details
About this Property
Bring your contractors and developers!! Great opportunity to own two detached single family homes on a large 15,700 sqft lot. Each home has 1 bedroom and 1 bathroom with a basement. Units have newer 30 year composition roofs, newer exterior paint and newer windows. Interior is older and needs updating. Rents are very low and could be closer to $1500 per unit if they are raised to fair market value. There are unfinished plans included with the sale to split the lots, demolish both units and build two new single family homes that are approx 1950 sqft each with attached garages. The units are currently on a septic system and would need to be connected to the sewer system in the street for any new development. Lot is zoned medium density residential 2.9 which could allow for up to 5-6 units. Buyer to verify all development potential directly with the city. One of the units is on a mudsill foundation which will require a cash buyer to purchase the property. Could be a 5% Cap rate if rents are raised to market value. Don't miss out on this rare opportunity!
MLS Listing Information
MLS #
ML81970239
MLS Source
MLSListings, Inc.
Interior Features
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Other, Crawl Space
Style
Traditional
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, On Street, Garage: 0 Car(s)
Elementary District
Salinas City Elementary
High School District
Salinas Union High
Sewer
Septic Tank
Water
Public
Zoning
MDR
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 2 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 410 | 1 | 1/0 | $900 |
| 2 | 410 | 1 | 1/0 | $900 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2 Homestead Ave is a Duplex in Salinas, CA 93901. This 820 square foot property sits on a 0.36 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $670,000 and was built in 1929. This address can also be written as 2 Homestead Ave, Salinas, CA 93901.
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This listing information is up-to-date as of August 03, 2024. For the most current information, please contact Sean Griffin, (831) 262-1955
