Listing by: Hannah Kraft, Invest SLO, 805-478-0892
4 Beds
2 Baths
1,591 SqFt
Active
**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!
Property Details | ||
|---|---|---|
| Price | $625,000 | |
| Bedrooms | 4 | |
| Full Baths | 2 | |
| Total Baths | 2 | |
| Property Style | Ranch | |
| Lot Size Area | 0.5 | |
| Lot Size Area Units | Acres | |
| Acres | 0.5 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| Stories | 1 | |
| Features | Beamed Ceilings,Copper Plumbing Partial,Unfinished Walls,Unfurnished | |
| Year Built | 1950 | |
| View | Neighborhood,Trees/Woods | |
| Roof | Asphalt | |
| Heating | Propane,Wall Furnace | |
| Foundation | Slab | |
| Accessibility | Parking | |
| Lot Description | 6-10 Units/Acre,Back Yard,Corner Lot,Front Yard,Level with Street,Lot 20000-39999 Sqft,Flag Lot,Rectangular Lot,Level,Utilities - Overhead,Value In Land,Yard | |
| Laundry Features | None | |
| Pool features | None | |
| Parking Description | Attached Carport,Covered,Driveway,Gravel,Driveway Level | |
| Parking Spaces | 0 | |
| Garage spaces | 0 | |
| Association Fee | 0 | |
Geographic Data | ||
| Directions | Start on US 101 S, take exit 239A for Mission St, continue onto Mission St, turn right onto 11th St, the destination will be on the right. | |
| County | San Luis Obispo | |
| Latitude | 35.74836 | |
| Longitude | -120.693796 | |
| Market Area | SMIG - San Miguel | |
Address Information | ||
| Address | 650 11th Street, San Miguel, CA 93451 | |
| Postal Code | 93451 | |
| City | San Miguel | |
| State | CA | |
| Country | United States | |
Listing Information | ||
| Listing Office | Invest SLO | |
| Listing Agent | Hannah Kraft | |
| Listing Agent Phone | 805-478-0892 | |
| Attribution Contact | 805-478-0892 | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| Ownership | None | |
School Information | ||
| District | San Miguel Joint Union | |
MLS Information | ||
| Days on market | 130 | |
| MLS Status | Active | |
| Listing Date | Apr 18, 2024 | |
| Listing Last Modified | Aug 20, 2024 | |
| Tax ID | 021401008 | |
| MLS Area | SMIG - San Miguel | |
| MLS # | PI24072234 | |
This information is believed to be accurate, but without any warranty.