251 W Lincoln Ave

    Escondido, CA 92026
    • $695,000
    • STATUS: Active
    • ON SITE: 229 days
    • ID#: 180060123
    UPDATED: 16 min ago
    $695,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Opportunity Zone Investment! Fits Zones Requirements for Tax Credits. The owner has already started the process of getting permits for the new buildings and will be able to transfer all documentation. Site plan and complete design for 3 independent 3BR 2BA stand alone units. Existing Duplex configuration has a 600sqft 1BR 1BA front unit and 900+ sq ft 2BR 1BA back unit can be converted to 3 units. If you Build 1 Low Income Unit you can get up three Bonus Units to a Total of 9. Neighborhoods: Escondido Other Fees: 0 Sewer: Sewer Available Unit # for Unit 1: A Unit # for Unit 2: B Number of Furnished Units: 0

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T15:33:56.373. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/88985461

    251 W Lincoln Ave Escondido, CA 92026

    • Price: $695,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 180060123
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1946
    Built
    Neighborhood:
    Southwest Escondido
    County:
    San Diego
    Property Description
    Opportunity Zone Investment! Fits Zones Requirements for Tax Credits. The owner has already started the process of getting permits for the new buildings and will be able to transfer all documentation. Site plan and complete design for 3 independent 3BR 2BA stand alone units. Existing Duplex configuration has a 600sqft 1BR 1BA front unit and 900+ sq ft 2BR 1BA back unit can be converted to 3 units. If you Build 1 Low Income Unit you can get up three Bonus Units to a Total of 9. Neighborhoods: Escondido Other Fees: 0 Sewer: Sewer Available Unit # for Unit 1: A Unit # for Unit 2: B Number of Furnished Units: 0
    Exterior Features

    Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas Water Heater Appliances YN Yes Cooling None Cooling YN No Heating Natural Gas Heating YN Yes Levels One

    Property Features

    Cap Rate 3.62 Country Us Gross Scheduled Income 33600.00 Net Operating Income 21984.00 Number With Dishwasher 0 Number With Patio 2 Number With Range 2 Number With Refrigerator 2 Security Features Gated Community Subdivision Name Other Southwest Escondido Tenant Pays SewerWaterElectricityGas

    Listing provided courtesy of Christian Spicer of Source California Realty and Kellen O'mara of Source California Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-17T15:33:56.373. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723