24
14
0
10

REMARKS:

Here's your chance to buy an amazing 6 unit income property close to Cal Poly and downtown San Luis Obispo that great for students. This property brings in $12,550 per month and has room for more income providing a strong CAP Rate. The large 12,500 sq ft property has just undergone a significant amount of work starting with new roofs and new paint on all buildings. Most units have new kitchen and bathroom cabinets, new counters and sinks, new water heaters, new furnaces, new tile and laminate flooring, and new windows. Even the yard ensures minimal maintenance for the new owner. The property is comprised of 4 buildings on the corner of Olive and Lemon St. It has (2) 3 bedroom houses, 1 duplex with 1 bedroom in each and another duplex with a 2 bedroom unit and a 1 bedroom unit. Coin operated laundry brings in additional income. Plenty of off street parking and a large, low maintenance courtyard make a great area to hangout after class. Each unit has separate electric meters that tenants pay. Owner pays for water, gas and trash.

OVERVIEW:

Residential Income
Active
SLO - San Luis Obispo
San Luis Obispo(380)
1935
12500
0.29
Composition
Wall Heater
None
Public
Sewer Connected, Water Connected
11-15 Units/Acre, Lot 10000-19999 Sqft

FEATURES:

Curbs
None
Laminate, Tile, Wood

FINANCIAL:

2195000

Broker Reciprocity Courtesy of Triad Real Estate Group

 

Based on information from California Regional Multiple Listing Service, Inc. as of 04/19/2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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