347 349 S Alessandro Street, Hemet, California 92543, Hemet, 92543 - bed, bath

347 349 S Alessandro Street, Hemet, California 92543 home-pic-0
ACTIVE$449,900
347 349 S Alessandro Street, Hemet, California 92543
0Bed
0Bath
6,525Sqft
6,525Lot
Year Built
1956
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$69
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2503170
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $449.9K(29th), sqft - 6525(86th), beds - undefined(50th), baths - undefined(50th).

Listing agent is licensed real estate broker in the state of California and has ownership interest in the property. This well-maintained duplex offers two one-bedroom, one bath units, each with its own private yard. The front unit has been beautifully updated, featuring granite countertops, stunning new vinyl flooring, and an airy, open layout filled with natural light. The kitchen includes a designated space for a stackable washer and dryer. A fenced front yard and a large side yard provide plenty of outdoor space. The rear unit mirrors the front in layout and also features attractive vinyl flooring, though it has not been remodeled. It boasts its own large fenced backyard and side yard, offering ample space for outdoor enjoyment. A majestic old walnut tree in the backyard provides wonderful shade throughout the summer.. The property also includes a driveway with parking for two cars side by side at the rear of the lot. Don't miss this excellent opportunity!

Price History

Date
Event
Price
04/03/25
Listing
$449,900
Condition Rating
Fair

This duplex, built in 1956, presents a mixed condition. The front unit has been beautifully updated with modern white shaker cabinets, granite countertops, new vinyl flooring, and a contemporary bathroom featuring subway tile and a modern vanity. However, the rear unit, while having attractive vinyl flooring, has not been remodeled. Its kitchen and bathroom are significantly dated, featuring older cabinets, countertops, fixtures, and appliances (as seen in images 14 and 15). While the property is described as 'well-maintained,' the unremodeled unit's condition pulls the overall score down from 'Good.' It requires minor to moderate updates to bring the second unit up to modern standards, aligning with the 'Fair' criteria for an older property with some updates but significant outdated components in one of its units.
Pros & Cons

Pros

Income-Generating Duplex: The property consists of two separate 1-bedroom, 1-bath units, providing immediate rental income potential and a diversified investment opportunity.
Private Outdoor Spaces: Each unit benefits from its own private, fenced yard (front, side, or back), a highly desirable amenity for tenants seeking personal outdoor living space.
Updated Front Unit: The front unit has been beautifully updated with modern features including granite countertops, new vinyl flooring, and an open layout, enhancing its appeal and potential rental value.
Dedicated Off-Street Parking: The property includes a driveway with side-by-side parking for two cars at the rear, offering convenient and secure off-street parking for residents.
Well-Maintained Condition: Described as 'well-maintained,' the property suggests a good foundation for investment with potentially lower immediate repair and maintenance costs.

Cons

Age of Property: Built in 1956, the property may have aging infrastructure (e.g., plumbing, electrical, roof) that could require significant capital expenditures in the future.
Unremodeled Rear Unit: While the front unit is updated, the rear unit has not been remodeled, presenting an immediate renovation cost to maximize its rental potential and bring it to par with the front unit.
Small Unit Configuration: Both units are 1-bedroom, 1-bath, which may limit the tenant pool and potential rental income compared to properties offering larger unit configurations.

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