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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI24070264
Sold Date 05/12/25
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property 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!
Location
State CA
County San Luis Obispo
Zoning Estimated
Direction 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
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 021401008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Stacia Shepherd eXp Realty of Greater Los Angeles, Inc.
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