Don’t miss this opportunity to acquire a well maintained 6-unit apartment building in downtown San Luis Obispo. The property is comprised of (4) one-bedroom units and (2) studio apartments with newer vinyl windows throughout and luxury vinyl plank flooring downstairs. This property has a Walk Score of 83 and Bike Score of 93! Residents can enjoy the downtown restaurants, shops, and clubs as well as grocery stores and other services nearby.
With nearly 30% upside in rents, this property offers the prudent investor lots of opportunity.
Do not go onto property or disturb tenants. Make offers subject to inspection with proof of funds & prequal letter. Escrow: First American, SLO. Property info is deemed reliable but not guaranteed. Buyers to do own investigations & satisfy themselves as to property condition and accuracy of information.
Listing Status: | Available |
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Listing Type: | Highest & best offer |
Property Types: | Apartment Buildings |
Price: | $1,650,000 |
No. of Units: | 6 |
Cap Rate: | 4.59% |
GRM /GIM: | 13.48 |
Average Occupancy: | 100 |
Year Built: | 1970 |
Building Size: | 3,080 Sq ft |
Lot Size: | 7,500.00 Sq ft |
No. of Stories: | 2 |
APN: | 003-721-041 |
Zoning Code: | R-2 |
Opportunity Zone: | No |
Price per unit: | $275,000 |
Parking Spaces: | 9 |
Property Website | Click Here |
Full name | Phone number | Email address |
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Steven Battaglia | 8056885333 | [email protected] |
Boston & New England | October 8, 2024
California | October 8, 2024
Chicago & Midwest | October 8, 2024
CBRE | Nevada
SVN OAK Realty Advisors | Oklahoma
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