Non-distressed, Live Auction! Bidding to start from $500,000. Cash or finance ok! Seller will entertain offers prior to Auction day. Only 2% buyer premium. To view property please contact agent/Auction company directly. No physical open houses available due to COVID-19 restrictions. This wonderful investment opportunity boasts the ability to own a cash flowing duplex in the heart of Lemon Grove, only a short walk away from the shops. This property features two units plus has a potential garage conversion that could be sectioned off, allowing you to turn this good opportunity into a great opportunity by making this a potential income producing triplex! (Subject to city approval) The top unit of this palm tree surrounded property is a turn-key 3 bedroom 1 bath occupied rental that is just newly remodeled with a brand new kitchen and beautiful yet durable laminate flooring. This unit is currently tenant occupied on a lease running until May 2021. The downstairs unit of this building, currently a 3 bedroom 2 bath unit that is tenant ready yet still offering the new owner the ability to leverage the current condition into immediate equity through cosmetic improvements. With wood-burning fireplaces throughout, a large backyard, no stress parking, easy access to freeway and downtown areas, this is the perfect opportunity for someone looking to capitalize on a true Southern California real estate investment. Whether you’re an individual who is looking to live in one unit and rent out the other, or an experienced investor who is looking to add to your portfolio, this is not a property that shall be overlooked! Offers prior to Auction day will be entertained by the seller, contact listing agent, or Auction account manager to book your showing or inquire about details of the reports and disclosures which have been prepared prior to going on the market.
- Cash Flowing Duplex in the Heart of Lemon Grove
- Short Walk to Shops
- Potential to Turn Into Income Producing Triplex