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    3425 Spring Street

    Paso Robles, CA 93446
    • $2,350,000
    • STATUS: ACTIVE
    • ON SITE: 66 days
    • ID#: 302963037
    $2,350,000
    • 2
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    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 t 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

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/111782962
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    3425 Spring Street Paso Robles, CA 93446

    • Price: $2,350,000
    • Status: ACTIVE
    • ID#: 302963037
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    Neighborhood:
    Paso Robles (93446)
    County:
    San Luis Obispo
    Area:
    Paso Robles (93446)
    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 t 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
    Exterior Features

    Pool N/K Site CurbsSidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 2

    Property Features

    Actual Cap Rate 4.47 Annual Expense Actual 51957 Buildings 2 Gross Rent Multiplier Actual 14.72 Gross Scheduled Income Actual 159600 Home Owners Fees 0.0 Terms Exchange Unit Number For Unit1 1 Unit1 Rent Actual 159600.0 Zoning Public Rec

    Listing provided courtesy of Hart Commercial Real Estate. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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