Superb Arroyo Grande real estate opportunity! Put your hard-earned money to work with these 5 RESIDENCES w/ 1 New Commercial bldg. w/ 2 tenants. Three recent rent increase Oct. 2021. Total of 12 bedrooms & 8 bathrooms. Arroyo Grande Multi-Residential & Commercial 6 residences includes 3 houses and one duplex w/ newly built added bedroom. Complex total currently rented $11,918 monthly & will increase w/ permitted addition. Separately gas & electric metered. Property includes a large, rented shed-barn structure which generates income for storage. Work your business while rentals subsidize cash flow Includes new built / remodeled buildings, homes & more. Improvements beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future buildouts of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property 2 covered. 1 of 5 homes has 3 bedrooms 2 baths; one has 2-bedroom w/ 2 baths; 3 of the 5 residences features 2 bedrooms 1 baths. All in excellent condition. THE BUSINESS / COMMERCIAL building is newer built with 2810 ADDITIONAL SF WITH TWO PREMIUM BUSINESS SPACES. The total (8) structures & all are rented with 2 long-term renters at below market values. Possible medical office space, & existing plans for a new two-story duplex included with the sale. All residential units 312,316,320,324 & 328 Halcyon have washer/dryer hookups gas and electric. 330 Halcyon is the newly added commercial building. This parcel indeed has SUPREME LOCATION, LOCATION LOCATION! Perfect landing for a 1031 tax-exchange! The $1195 per month stand-alone home at 316 Halcyon is occupied by one of the existing owners. He may move once this transaction takes place thus creating a higher rent to come.
Listing courtesy of Paul Masters from Home Masters RealtySelling Office: Vintage Investment Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.