3505 Spring St - Apartments FOR SALE


Paso Robles, CA 93446
$2,000,000 USD
951-377-2350
3505 Spring St, Paso Robles, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/31
null | 5.83% Cap Rate

3505 Spring St
Paso Robles, CA 93446


HIGHLIGHTS

  • PRICE IMPROVEMENT- MOTIVATED SELLER
  • This property presents a fantastic opportunity for both seasoned investors and those looking to enter the market
  • Key features include a paved parking lot for tenant convenience, a fenced backyard offering privacy and security, and covered patio areas

OVERVIEW

Discover an exceptional fully renovated investment opportunity with this 10-unit apartment building located in a designated Opportunity Zone in Paso Robles. This property features a diverse range of units to accommodate various tenant needs, including five studios and one spacious one-bedroom unit on the upper level, each boasting a full bath. Renovations include plumbing, electrical, roofing, deck and unit upgrades. The lower level offers a larger two-bedroom, two-bath unit, along with three additional one-bedroom units. Key features include a paved parking lot for tenant convenience, a fenced backyard offering privacy and security, and covered patio areas perfect for outdoor relaxation. This property presents a fantastic opportunity for both seasoned investors and those looking to enter the market. This opportunity won't last!

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

10

PRICE/UNIT

$200,000

CAP RATE

5.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

CR

APN/PARCEL ID

008-031-028

ASK ABOUT THIS PROPERTY

Justin TyeActive RealtyMore Info
951-377-2350

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Justin TyeActive RealtyMore Info
951-377-2350

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