$1,225,000
$1,400,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/23/2018
Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID SP17246527
Sold Date 04/23/18
HOA Y/N No
Year Built 1963
Property Description
5-PLEX - Homes & Apts. Great Investment Opportunity. 2 small homes & Triplex on well-located Corner Lot (Broad & Lawrence St). Plenty of parking. Leases are below market due to long tenancy ... BUT ...mostly Month-to-Month! Owner-manager lives in 2845-1/2 Broad (2 bed, 2 bath, 1375 sq ft Home) above a 3 car garage with one garage space available for Second home (2845 Broad: a 2 bedrm, 1 bath home -- in MIDST OF REMODEL !! No tenant now, many new materials ready to be installed for a new owner to finish). The Triplex is a separate set of apartment units, on same APN, that front on 699 Lawrence St; with own driveway. Thus, the complex sits on the Corner Lot of Broad & Lawrence. All units have own green yards. A Great location between SLO Downtown & Airport, on Broad Street. Estimated 'Market rents' (from rental appraisal): approx $8400 per month. Great property to Own/Live and FOUR separate units to rent for income ! Being a 5-Plex, will require Commercial Loan. Really motivated sellers!
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning R2
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, See Remarks
Interior
Interior Features Multiple Staircases, Workshop
Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,See Remarks
Heating Forced Air
Cooling None
Fireplaces Type None
Fireplace No
Appliance Built-In Range, Dishwasher, Free-Standing Range, Disposal, Gas Range, Gas Water Heater
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, See Remarks
Exterior
Garage Spaces 3.0
Carport Spaces 2
Garage Description 3.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban, Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Hills, Neighborhood
Roof Type Asbestos Shingle,Flat
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Corner Lot, Corners Marked, Near Park, Near Public Transit, Rectangular Lot, Walkstreet
Story 2
Entry Level Multi/Split
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 004942034
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Eric Kimmell • Atlas Real Estate & Investment
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "