$1,100,000
$1,150,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
0.27 Acres Lot
SOLD DATE : 03/25/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NS24008679
Sold Date 03/25/24
Bedrooms 8
HOA Y/N No
Lot Size 0.271 Acres
Property Description
Welcome to the epitome of investment opportunities! This income-producing quadruplex is fully leased with tenants who have been there for the long term [Unit A 20+ years]. Each of the 4 Units boasts 2 bedrooms and 1 full bath and is approximately 850 SQ FT. There is an on-site laundry room and covered parking at the rear of the property. Each unit also contains a forced air gas heater and a wall A/C Unit. Stucco exterior and a newer composition roof [approximately 4 years old]. Currently rented below market rate with potential for enhanced revenue through adjustments to rental rates. Unit A has not been updated in approximately 20 years and could use some TLC. Unit D was recently updated with new flooring, cabinets, and countertops. Units B & C are in decent condition but slightly aged. This Quadruplex is in a prime location, located centrally between beautiful San Luis Obispo and Paso Robles [wine country and the ocean!] and is close to Atascadero's growing downtown. Easy walking distance to shopping and restaurants and near essential services. Don't miss this opportunity!
Welcome to the epitome of investment opportunities! This income-producing quadruplex is fully leased with tenants who have been there for the long term [Unit A 20+ years]. Each of the 4 Units boasts 2 bedrooms and 1 full bath and is approximately 850 SQ FT. There is an on-site laundry room and covered parking at the rear of the property. Each unit also contains a forced air gas heater and a wall A/C Unit. Stucco exterior and a newer composition roof [approximately 4 years old]. Currently rented below market rate with potential for enhanced revenue through adjustments to rental rates. Unit A has not been updated in approximately 20 years and could use some TLC. Unit D was recently updated with new flooring, cabinets, and countertops. Units B & C are in decent condition but slightly aged. This Quadruplex is in a prime location, located centrally between beautiful San Luis Obispo and Paso Robles [wine country and the ocean!] and is close to Atascadero's growing downtown. Easy walking distance to shopping and restaurants and near essential services. Don't miss this opportunity!
Location
State CA
County San Luis Obispo
Area Atascadero (93422)
Zoning Public Rec
Building
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Exchange
Space Rent $965
Listing Terms Exchange
Financing Conventional
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Bought with General NONMEMBER • NONMEMBER MRML