$325,000
Welcome to 416 Jean Ave! You do not want to miss this rare opportunity, that’s perfect for so many different types of buyers with endless possibilities. Whether you are a first time homebuyer that wants to offset your mortgage, possibly house-hack and live essentially for free. Or maybe your a first time investor or a very experienced investor that wants to take advantage of the 1% rule, which is unheard of in todays market. This home has an estimated cap rate over 7%. This property can also be perfect for a multigenerational family, with 3 separate units. Seller is willing to pay for a 3/2/1 buydown, getting you the buyer rates into the 3%'s and a payment of $1800s with just 10% down. The main house features three bedrooms with two updated bathrooms, updated flooring throughout and its own separate spacious backyard, with a living sq ft at 1407. The garage was converted into a studio with its own bathroom and space for a kitchenette. It has its own access and heating source and additional sq ft of 320 living space. In addition, there is a separate detached ADU of 370 sq ft plus the enclosed balcony, with its own bathroom and kitchenette, and the best views on the property. The property also features a massive pool, with new pool pump and filter for those hot summer days. This home is also part of our dream home program, so if there is anything you want changed, updated or remodeled we can do that in escrow, just like new construction. This home beats the 1% rule as an investor, or someone can live in the ADU and have their mortgage paid by the other two units. It’s one of the best values in Ridgecrest, with a list price far below the average price per sq ft. Call today for your showing!
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Listed by Cory Boldroff with Real Brokerage Technologies, Inc. (619) 248-6434
Property Type
Single Family Residence
Status
Active
MLS Number
SR26022470
Year Built
1956
Lot Size
7,710 sq ft