$2,350,000

3425 Spring Street

Paso Robles CA, 93446

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 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

Details

MLS#PI20237088
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1978
Days On Site23

Features

SQ Feet9,006
Units10
Building(s)1

Market Activity 93446

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Area Information
StateCA
CountySan Luis Obispo
CityPaso Robles
Zip Code93446
AreaPRIC - PR Inside City LimitPRIC - PR Inside City Limit
Listing VS Median (in 93446)
Price:
$2,350,000
low | high
Med:
$565,000
100% of Average
SqFt:
9,006
low | high
Med:
1,721
100% of Average
$ / SqFt:
$261
low | high
Med:
$328
24.185221358191% of Average
On Site:
23
low | high
Med:
13
100% of Average
Listing Updated: December 5, 2020 12:12:17 PM PST
Jason Hart LogoMLS Number: PI20237088
Listing Provided By:
Jason Hart  of  Hart Commercial Real Estate
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.