$625,000
For Sale

650 11th Street

San Miguel, CA 93451
1591 sqft | 4 beds | 2 baths | 0.50 acres | #PI24072234
Listing OfficeInvest SLO
Browse 20 photos
Type:Purchase
Structure:House
Zone:Residential

Description

**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!

  • Interior Details
      • InteriorBeamedCeilings, BreakfastArea, Unfurnished, UnfinishedWalls, AllBedroomsDown, Attic, BedroomOnMainLevel
    • Beds & Baths
      • Bedrooms4
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Lot DescriptionSixToTenUnitsAcre, BackYard, CornerLot, FlagLot, FrontYard, Level, RectangularLot, StreetLevel, ValueInLand, Yard
      • ViewNeighborhood, TreesWoods
      • Stories1
    • Measurements
      • Square Feet1591
      • Acres0.5
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1950
    • Material information
      • FoundationSlab
  • Utilities / Energy Details
      • Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasAvailable, Propane, PhoneAvailable, SewerConnected, WaterConnected, OverheadUtilities
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • School DistrictSan Miguel Joint Union
      • CountySan Luis Obispo
  • Financial Details
      • Original List Price$650,000
  • Other
      • MLS #PI24072234

Location

RayBon MortgageReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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