$900,000
970 Hanover Street San Diego, CA 92114
$900,000
Est. payment /mo
5 BD
3 BA
0.55 Acres Lot
Active
970 Hanover Street San Diego, CA 92114
UPDATED:
10/22/2024 12:33 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Encanto
MLS Listing ID SW24216097
Bedrooms 5
HOA Y/N No
Lot Size 0.552 Acres
Property Description
Seller will carry with 10 percent down at a 5.5 percent interest rate. No bank approval needed. Amazing opportunity to get into a duplex with an unpermitted Tiny Home ADU in the back as a third unit. You could absoulety house hack this property and have a small mortgage or no mortgage at all after renting out the tiny home and the top unit. The top unit has a tenant that has been there for 3 years and has always paid rent on time. Tenant just went month to month starting in October after their year lease ended. They would like to stay if possible. There are great views of downtown SD from the top unit. The bottom unit is vacant and ready to be rented out. Each unit is seperately metered and the tiny home is hooked up to the 972 unit. Both units are 2 bedroom 1 bathroom units. The tiny home is 2 stories with a loft upstairs that is perfect size for a bed and some storage. It has a toilet and shower in the bathroom, and a sink in the living room with a vent and space for a small cook top. The home also comes with plans to build a 1200sq ft ADU in the back. The property is almost a half acre with plenty of room to expand and develop for even more cash flow. I have all the disclosures, property inspection, everything you would need to do your due diligence.
Seller will carry with 10 percent down at a 5.5 percent interest rate. No bank approval needed. Amazing opportunity to get into a duplex with an unpermitted Tiny Home ADU in the back as a third unit. You could absoulety house hack this property and have a small mortgage or no mortgage at all after renting out the tiny home and the top unit. The top unit has a tenant that has been there for 3 years and has always paid rent on time. Tenant just went month to month starting in October after their year lease ended. They would like to stay if possible. There are great views of downtown SD from the top unit. The bottom unit is vacant and ready to be rented out. Each unit is seperately metered and the tiny home is hooked up to the 972 unit. Both units are 2 bedroom 1 bathroom units. The tiny home is 2 stories with a loft upstairs that is perfect size for a bed and some storage. It has a toilet and shower in the bathroom, and a sink in the living room with a vent and space for a small cook top. The home also comes with plans to build a 1200sq ft ADU in the back. The property is almost a half acre with plenty of room to expand and develop for even more cash flow. I have all the disclosures, property inspection, everything you would need to do your due diligence.
Seller will carry with 10 percent down at a 5.5 percent interest rate. No bank approval needed. Amazing opportunity to get into a duplex with an unpermitted Tiny Home ADU in the back as a third unit. You could absoulety house hack this property and have a small mortgage or no mortgage at all after renting out the tiny home and the top unit. The top unit has a tenant that has been there for 3 years and has always paid rent on time. Tenant just went month to month starting in October after their year lease ended. They would like to stay if possible. There are great views of downtown SD from the top unit. The bottom unit is vacant and ready to be rented out. Each unit is seperately metered and the tiny home is hooked up to the 972 unit. Both units are 2 bedroom 1 bathroom units. The tiny home is 2 stories with a loft upstairs that is perfect size for a bed and some storage. It has a toilet and shower in the bathroom, and a sink in the living room with a vent and space for a small cook top. The home also comes with plans to build a 1200sq ft ADU in the back. The property is almost a half acre with plenty of room to expand and develop for even more cash flow. I have all the disclosures, property inspection, everything you would need to do your due diligence.
Location
State CA
County San Diego
Community Encanto
Area Encanto (92114)
Zoning Estimated
Building
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $2
Acceptable Financing Cal Vet, Cash, Exchange, FHA, Lease Option, Seller May Carry, VA
Space Rent $2,500
Listing Terms Cal Vet, Cash, Exchange, FHA, Lease Option, Seller May Carry, VA
Listed by Matthew Schaeffer • Arrive Real Estate
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