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Key Details
Sold Price $2,175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Pr City Limits West(120)
MLS Listing ID PI20237088
Sold Date 06/15/21
HOA Y/N No
Year Built 1978
Lot Size 0.300 Acres
Property Description
10-unit apartment building in beautiful Paso Robles. Located north of the downtown area, this apartment building is comprised of all two-bedroom one and a half bath spacious townhome style units, each with its own private patio area. The complex offers on-site laundry and all units are separately metered for gas & electricity. Recent capital improvements include a new roof, exterior paint and more.
Enjoy the cash-flow and attractive financing due to the strong current income, plus the upside in rents in this strong market. 100% rent collection during COVID!
HIGHLIGHTS
• Stable and predictable income and cash flow
• 12-15% potential upside in rents
• Well maintained with many recent upgrades
• Townhome style units with private patios
• Very low maintenance
• Located in Opportunity Zone
Location
State CA
County San Luis Obispo
Area Pric - Pr Inside City Limit
Zoning R4
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Private Pool No
Building
Lot Description Rectangular Lot
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 008031015
Energy Description 536.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Other
Special Listing Condition Standard
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Bought with Aaron Peck • Invision Real Estate
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