Description
Great investment opportunity with huge potential, Existing VACANT Mix use 2 unit property, Renovations includes new electrical panels, kitchen, flooring, paint etc, Existing billboard with $200 monthly income, Full set of Plans to add a 2 bedroom 2 bath ADU. Commercial unit in front performa rent of $2000, Existing 2 Bed 1 bath residential unit behind commercial space, fully remodeled, performa rent of $2452 (section 8), total income for existing building $55,824 yearly. Plans for the ADU unit 2 bed + 2 bath has been submitted and will be delivered RTI for at close of Escrow, additional income of $ 2,500 which will bring it to $7152 monthly or $ 85,800 Yearly. Great source of income. ALL VACANT, Choose your own tenant, live and work or other possibilities.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great investment opportunity with huge potential, Existing VACANT Mix use 2 unit property, Renovations includes new electrical panels, kitchen, flooring, paint etc, Existing billboard with $200 monthly income, Full set of Plans to add a 2 bedroom 2 bath ADU. Commercial unit in front performa rent of $2000, Existing 2 Bed 1 bath residential unit behind commercial space, fully remodeled, performa rent of $2452 (section 8), total income for existing building $55,824 yearly. Plans for the ADU unit 2 bed + 2 bath has been submitted and will be delivered RTI for at close of Escrow, additional income of $ 2,500 which will bring it to $7152 monthly or $ 85,800 Yearly. Great source of income. ALL VACANT, Choose your own tenant, live and work or other possibilities.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T18:34:23.413. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.