2145 Park St - Apartments FOR SALE


Paso Robles, CA 93446
$1,495,000 USD
805-391-0509
2145 Park St, Paso Robles, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/48
null | Request Cap Rate

2145 Park St
Paso Robles, CA 93446


HIGHLIGHTS

  • Modern 4-unit property with premium finishes thru-out
  • Private fenced yards with improved patios for each unit
  • Two buildings - Front tri-plex built in 2020 + 4th detached ADU
  • Energy-efficient features incl. solar and on-demand H20 heaters
  • Desirable corner lot, with on-site and/or street parking for each unit
  • Large grocery store & several restaurants within a block or few

OVERVIEW

MULTI-FAMILY AT ITS FINEST! There are no shortage of average, run-of-the-mill rental units that need regular repairs to keep the tenants happy. But this 4-Unit offering is far from average. The front building is only a few years old and includes three 1-bedroom, 1 bath units – each with individual laundry areas and luxurious bathrooms. 9’ volume ceilings, designer LV plank flooring, solid surface kitchen and bathroom countertops and energy efficient vinyl windows are found thru-out. There is also a separate, detached 4th unit at the back of the lot, with approx. 550 SF of living space + a separate laundry/storage room. Each of the 4 units has private fenced yards, patio and garden areas and onsite parking, as well as abundant street parking afforded by the corner lot location. By original design, the front building was started as a 3 bdrm, 2 bath home with a separate 1/1 Jr. ADU on the rear of the structure. However, prior to finaling the building permits, the owner and builder decided to split the larger front unit (2145) into two separate 1/1 units (2145 & 2147). The 3rd unit in this building (2149) has a great wrap around yard area that is a favorite feature of the tenants. All 4 units have fire sprinklers, tankless H2O heaters (front 3), HVAC and the benefit of solar for reduced PG&E costs. And tenants love the convenience of being a short walk to numerous restaurants and Smart and Final. Whether you’re looking for an elevated landlord experience, or you elect to use one of the units for yourself as your wine country second home while collecting rents from the other three. This property is NOT for the investor looking for the best CAP rate or Cash-on-Cash return. Rather, it is for a discriminating investor who appreciates quality construction and limited maintenance and management need.... or as noted prior, a user that wouldn't consider living in a typical 4-plex unit themselves. But this one, a user could be proud to occupy! This opportunity cannot be easily replaced.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$650 USD /SF

# OF UNITS

4

PRICE/UNIT

$373,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wine Country 4-Unit Investment Opportunity!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

T4-N

APN/PARCEL ID

008-225-005

ASK ABOUT THIS PROPERTY

Scott EhrkeGUIDE Real EstateMore Info
805-391-0509

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Scott EhrkeGUIDE Real EstateMore Info
805-391-0509

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.