351 55 W 8th Ave, Escondido, CA 92025
- $725,000
- List Price
- $725,000
- Price Change
- ▲ $26,000 1783902375
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- PTP2604604
- Year Built
- 1958
- Lot Size
- 7,052
- Acres
- 0.16
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 41
- Property Type
- Multifamily
Property Description
2 Homes on One Lot for the Price of One! A rare Escondido opportunity: TWO detached single-story homes on one R-3 zoned lot. Each home offers 2 bedrooms, 1 bath, its own separate utilities, and its own private yard a level of flexibility you almost never find at this price. Occupied by the same long-term tenants for more than 20 years, both homes are now available and ready for a new owner's vision. They do need repairs and remodeling, and the asking price reflects both the current condition and the real opportunity to add value. The possibilities are wide open. Live in one home and rent the other to offset your mortgage. Hold both as an investor for dual rental income. Or use the two-home layout for extended-family and multigenerational living with everyone under separate roofs, separate meters, and their own outdoor space. R-3 zoning also opens the door to future potential (buyer to verify with the City). Seller will entertain offers between $699,000 and $725,000.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $44,400
Listing courtesy of Listing Agent: Luda Phipps (info@ludaphipps.com) from Listing Office: Luda Phipps, Broker.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.