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2 Homestead Ave

Salinas, CA 93901
  • $595,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • ID#: ML81970239
Under Contract
UPDATED: 103 min ago
$595,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 820
    SQFT
  • $726
    $/SQFT
Neighborhood:
Ss
Type:
Multi-Family
Built:
1929
County:
Area:
Ss

School Ratings & Info

Listing provided courtesy of Sean Griffin of Agency One Real Estate: 831-262-1955.

Description

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 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!

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-17T22:53:29.103. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of California.
Website powered by BoomTown.
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2 Homestead Ave Salinas, CA 93901

  • Price: $595,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • Updated: 103 min ago
  • ID#: ML81970239
0
Beds
0
Baths
0
½ Baths
0.36
Acres
820
SQFT
$726
$/SQFT
1929
Built
Neighborhood:
Ss
County:
Monterey
Area:
Ss
Property Description
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 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!
Exterior Features

Foundation OtherCrawl Space Garage Parking On StreetOff-Street Parking Number Of Buildings 2 Parking Spaces 2 Pool YN No Roof Composition Style Traditional View Other

Interior Features

Beds Unit1 1 Beds Unit2 1 Cooling None Heating Wall Furnace Sq Ft Unit1 410 Sq Ft Unit2 410 Structure Sq Ft 820

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name Salinas Cross Street Wilson Hoa YN No Horse Property YN No Incorporated Yes Lot Size Area Maximum 15700.00 Meters Separate ElectricSeparate GasSeparate Water Property Sub Type Duplex Rent Unit1 900 Rent Unit2 900 Security Features None Sewer Septic Existing Septic Sq Ft Source Assessor Utilities Public Utilities Water Public Zoning MDR

Listing provided courtesy of Sean Griffin of Agency One Real Estate: 831-262-1955.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-07-17T22:53:29.103. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of California.
Website powered by BoomTown.
 
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Compass
6th Avenue, 2SW of San Carlos St
Carmel CA, 93921

Listing provided courtesy of Sean Griffin of Agency One Real Estate: 831-262-1955.