***lowest price per square foot units in the area*** 2 legal units, with a bonus 3rd unit, on a palm tree lined street! Perfect for fha-203k, or conventional financing. Front house is a 4 bedroom original craftsman home, with tons of charm, and boasting over 1,760sf. With a little tlc, this unit will shine! All original wood floors, and beamed ceilings round out the living and dining areas. Stone wall fireplace, original wood framed windows and doors, keep the integrity in tact, and built ins and pillars are just the cherry on top! This house can be restored to its original glory, very easily... Long driveway for parking. Rear structure is a 2 car garage with barn style doors. Upstairs houses a 2 bedroom 1 bath rental unit, and bonus 3rd unit downstairs, intended for storage, but is a functional studio with small kitchen and bath.. This property has the potential for a 9%cap rate if rents are increased and 3rd unit rent is collected. Rents are not currently at max potential, and expenses are extremely low. Rear 2 bedroom unit collects $1,280/month in rental income, and bonus unit can potentially collect $700/month. Live in the front house, and collect nearly $2k/month in rent to supplement your mortgage, and restore this beautiful craftsman!
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Data last updated: Friday, October 21, 2016 at 6:43 PM. Properties in listings may have been sold or may no longer be available.