922 E 3rd St

Description

Don't miss this versatile, income-producing property with an R3 Lot, located in a desirable central Calexico neighborhood. The existing home features 5 bedrooms and is currently leased by the room, generating approximately $2,000/month in rental income in as-is condition. A new roof has just been installed, adding immediate value and reducing upfront maintenance costs. Zoned R-3, this lot offers exceptional development potential build apartments, condominiums, or a duplex, similar to neighboring properties. This property offers multiple strategies for investors:Keep the current home and collect cash flow while building in the back, Renovate the existing home to increase rental income, Build a duplex or additional unit(s) in the back or Build an 8Plex like the neighboors (buyer to verify). Explore higher-density potential, as nearby properties have been developed with up to 8 units. Situated on a large lot with alley access, the property provides flexibility for expansion and construction access. Conveniently located near schools, shopping, and downtown, it's well-positioned for long-term rental demand.A rare opportunity to invest, develop, and grow your portfolio in a high-potential area. Don't miss out on all this property has to offer.