$2,850,000
$3,100,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
0.55 Acres Lot
SOLD DATE : 07/12/2019
Key Details
Sold Price $2,850,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Atnorthwest(20)
MLS Listing ID SW19035944
Sold Date 07/12/19
HOA Y/N No
Year Built 1987
Lot Size 0.551 Acres
Property Description
55+ Age restricted 19 unit apartment complex which includes 18 one bedroom units (including one specifically designed for an on-site manager) and one 2 bedroom 1 bath unit. Centrally located furnished lobby and adjacent common laundry room. The units are accessed through common interior hallways. Well maintained building owned and operated since its construction by a long time San Luis Obispo county family. In appreciation for long term tenancies, Seller has chosen to keep rents slightly below market which will allow an investor to maximize future rental income.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Zoning MF20
Interior
Interior Features Elevator
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area, Inside, Laundry Room
Exterior
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Mansard
Total Parking Spaces 20
Private Pool No
Building
Lot Description Corner Lot, Landscaped
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community Yes
Tax ID 030191008
Energy Description 392.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with John Man • Man Investment Group
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