$1,900,000
$1,699,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
0.46 Acres Lot
SOLD DATE : 12/27/2021
Key Details
Sold Price $1,900,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI21217280
Sold Date 12/27/21
Bedrooms 4
HOA Y/N No
Lot Size 0.459 Acres
Property Description
*This property is currently not priced. The $1,699,000 would be the minimum offering price* First time ever on the market, 5435-5465 is a major value add opportunity. 16-unit total multifamily/mixed-use complex with opportunity for stabilized rent growth in a rapidly increasingly up-and-coming area. The property offers 5459 +/- square feet of space on slightly under a 1/2 acre lot with ample parking for tenants and customers. This 100% occupied desirable mix of 11 studios, 1 three bedroom two bathroom unit, and 4 commercial units is located within minutes of downtown Atascadero's best restaurants and entertainment options. Don't miss out on this great investment property with all month-to-month tenants.
*This property is currently not priced. The $1,699,000 would be the minimum offering price* First time ever on the market, 5435-5465 is a major value add opportunity. 16-unit total multifamily/mixed-use complex with opportunity for stabilized rent growth in a rapidly increasingly up-and-coming area. The property offers 5459 +/- square feet of space on slightly under a 1/2 acre lot with ample parking for tenants and customers. This 100% occupied desirable mix of 11 studios, 1 three bedroom two bathroom unit, and 4 commercial units is located within minutes of downtown Atascadero's best restaurants and entertainment options. Don't miss out on this great investment property with all month-to-month tenants.
Location
State CA
County San Luis Obispo
Area Atascadero (93422)
Zoning Public Rec
Interior
Heating Electric, Natural Gas
Cooling Wall/Window
Appliance Forced Air Unit
Exterior
Fence Partial
Roof Type Composition
Building
Lot Description Corner Lot, Curbs, Sidewalks
Story 2
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $760
Listing Terms Cash, Conventional, Exchange
Financing Other/Remarks
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Bought with Ben Tilbury • Keller Williams Realty Central Coast
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States