$1,100,000
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0.27 Acres Lot
SOLD DATE : 03/25/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Atnortheast(10)
MLS Listing ID NS24008679
Sold Date 03/25/24
HOA Y/N No
Year Built 1973
Lot Size 0.271 Acres
Property Description
Welcome to the epitome of investment opportunities! This income-producing quadruplex is fully leased with tenants who have been there for the long term [Unit A 20+ years]. Each of the 4 Units boasts 2 bedrooms and 1 full bath and is approximately 850 SQ FT. There is an on-site laundry room and covered parking at the rear of the property. Each unit also contains a forced air gas heater and a wall A/C Unit. Stucco exterior and a newer composition roof [approximately 4 years old]. Currently rented below market rate with potential for enhanced revenue through adjustments to rental rates. Unit A has not been updated in approximately 20 years and could use some TLC. Unit D was recently updated with new flooring, cabinets, and countertops. Units B & C are in decent condition but slightly aged. This Quadruplex is in a prime location, located centrally between beautiful San Luis Obispo and Paso Robles [wine country and the ocean!] and is close to Atascadero's growing downtown. Easy walking distance to shopping and restaurants and near essential services. Don't miss this opportunity!
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Interior
Fireplace No
Laundry Common Area, See Remarks
Exterior
Parking Features Carport
Carport Spaces 4
Pool None
Community Features Suburban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 030132043
Energy Description 1200.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Jesse Ramos • Dream Home Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
25101 The Old Road Suite 240, Ranch, Ca, 91381, United States