Two homes for one price! Attention Investors! Estimated possible income/return based on projected rents & expenses: 3BD w/ projected rent of $2850/mo, 1Bd w/ projected rent of $1850/mo. EST, $56,000/yr -$14,000K -projected expenses, projected net income $42,000+-, 5.8% cap rate +-. (Buyer to verify, not guaranteed).Create wealth by purchasing this romantic Victorian home with a legal rental unit. Main home is a dreamy Victorian built in 1905, hitting all the architectural notes one would expect: built ins, ornate trims, pocket doors, wood floors & a fleurs de lis emblems. Plus nooks and alcoves for reading or playing a mean game of hide-n-seek! Fumigated in 2009, updated kitchen, bath, dual pane windows and roof in 2011. Reinforced foundation per home inspector. The second unit, a 1 bedroom, 1 bathroom has open beam ceilings, parquet flooring and a 2nd set of laundry hook ups in garage. A sunny flat lot of 8,320 SQFT is enriched with Avocado, Loquat, Orange, Peach and Lemon trees. There is alley access off the rear of the property, great for over-sized vehicles, RVs or boat parking. Zoning is RM-3, giving this property the possibility of building a 3rd unit! Extra large shed to convey with property.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
