$ 3,450,000
-
$3,450,000
Price -
6
Bed -
6
Bath -
5,952
SqFt
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About the Listing PI3339 - pi02062620
Offering Mission Cottages - A 100% occupied 12-unit multifamily complex with opportunity for stabilized rent growth. Average Rents for one-bedroom units are $1,866.36/month. Desirable mix of 11 one-bedroom one-bath units and 1 two-bedroom one-bath single-family residence home. Current cap rate above 5% and with some value add, investors can stabilize above a 6% cap rate. All units are fully renovated and rented on a month-to-month basis. The property has been rezoned for mixed use and can be operated as a long-term rental, short-term vacation rentals, and can even have a commercial component. The booming Atascadero submarket has convenient access to wine country, employment offerings, and a 20-minute commute to San Luis Obispo and 10 minutes to Paso Robles. Investors can capitalize on strong projected organic rent growth created by increased housing demand in the North SLO County.
Listing Highlights for 4900 San Palo Rd
Status
Active
Days on Site
148
Property Type
Multi-Family
MLS ®
PI25074010
Year Built
2000
Total Square Footage
5,952
Lot/Acreage
3.3
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
- Air Cond: Electric
- Heating: Forced Air
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Private
Exterior Details
- Lot Description: 2-5 Units/Acre,Level with Street,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 28
- Zoning: CR
- Roof: Spanish Tile
- Others: Satellite Dish,Guest House Detached,2+ Total Units,Has ADU
- Sewer: Public Sewer
- Parking Features: Assigned,Driveway,Concrete,Paved,Private,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 049225017
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
4900 San Palo Rd Atascadero, CA 93422
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