$265,000
For Sale

6040 E Highway 20

Lucerne, CA 95458
751 sqft | 3 beds | 2 baths | 0.09 acres | #FR24087644
Listing OfficeDombroski Realty
Browse 5 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

Explore the potential of this duplex fixer-upper nestled in the serene community of Lucerne, CA. Positioned across from Clearlake, this property offers a remarkable opportunity for renovation and value enhancement. With a generous courtyard nestled between the buildings, this property provides an ideal setting for a co-living space or a value-add conversion project. Features: Convenient Location: Situated on E Hwy 20, offering easy access to local amenities and recreational opportunities around Clearlake. Duplex Layout: Comprising two distinct living units within one property, providing flexibility for rental income or shared living arrangements. Outdoor Space: A spacious courtyard between the buildings, ideal for relaxation, gatherings, or potential outdoor amenities post-renovation. Proximity to Clearlake: Directly facing Clearlake, providing residents with access to water activities, breathtaking views, and a serene atmosphere. Renovation Potential: An excellent opportunity for renovation enthusiasts to rejuvenate the existing structure and increase the property's value. Fixer-Upper Status: Requires renovation and repairs, allowing buyers to tailor and modernize according to their preferences. Financing Option Available: Explore the possibility of owner financing with a substantial down payment, providing an alternative avenue for qualified buyers to secure ownership. Lucrative Investment: Perfect for investors or buyers seeking a rewarding project in Lucerne's dynamic real estate market. Future RUBS (Ratio Utility Billing System) addition is being bid to add value add individual utility metering. Garage Conversions: Potential for adding two more units, with additional water meter construction also enabling a second water source for additional units in the taller building with lake views. Unit Details: Unit 1: [2 bedrooms, 1 bathroom, 748 square feet] Unit 2: [2 bedrooms, 1 bathroom, 693 square feet with garage below] Don't miss this exceptional opportunity to transform a fixer-upper into your dream investment property! Reach out today to arrange a viewing or for further details.

  • Property Details
      • InteriorBalcony, UnfinishedWalls
      • School DistrictUpper Lake Union
      • Sewer InformationPublicSewer
      • MLS #FR24087644
      • MLS #FR24087644
      • Property TypePurchase
      • Original List Price$275,000
      • Utility SourcePublic
      • Cost265000
      • Property SubtypeDuplex
      • Structure TypeDuplex
      • Lot DescriptionLevel
      • ViewLake
      • Acres0.09
      • Year Built1956
      • CountyLake
      • Square Feet751
      • Bedrooms3
      • Bathrooms2
      • Full Baths2
      • Stories2
      • Parking Spaces2

Location

Gina MogaReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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