240 Spring Street

    Paso Robles, CA 93446
    • $8,900,000
    • STATUS: PENDING
    • ON SITE: 89 days
    • ID#: 302454103
    Pending
    UPDATED: 175 min ago
    $8,900,000
    • 6
      BEDS
    • 2.81
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Attention Investors! This is a rare opportunity to own a large apartment complex in the city of Paso Robles. Located on the "Gateway" to Paso Robles, this Spring Street corner property includes 6 buildings with 54 apartments. The apartments consist of; (8) one bedroom, one bath, approx. 650 sqft, (42) two bedroom, one bath, approx. 900 sqft and (4) three bedroom, one bath, approx. 1,100 sqft. Including (32) covered parking spaces and additional on-site parking. Coin-operated laundry rooms for additional i Attention Investors! This is a rare opportunity to own a large apartment complex in the city of Paso Robles. Located on the "Gateway" to Paso Robles, this Spring Street corner property includes 6 buildings with 54 apartments. The apartments consist of; (8) one bedroom, one bath, approx. 650 sqft, (42) two bedroom, one bath, approx. 900 sqft and (4) three bedroom, one bath, approx. 1,100 sqft. Including (32) covered parking spaces and additional on-site parking. Coin-operated laundry rooms for additional income. A small office space for management. The complex sits on approximately 2.81 acres and graced by majestic Oak trees. Located in the "Opportunity Zone" and zoned as TC-2 "Town Center Commercial Zoning District". Check with the City of Paso Robles about the possibility to add additional units. The apartments are just a few short blocks away from the downtown core. Paso Robles is known for its world class restaurants, wineries, local Mid State Fair, Vina Robles Amphitheater, and the Equestrian event venue "Paso Robles Horse Park". Paso Robles has made a big name for itself! It is a great place to work, live and vacation! This is a fabulous opportunity to invest in an amazing location and provide much needed homes in a tight and competitive housing market. Information deemed reliable but not verified.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/103707315

    240 Spring Street Paso Robles, CA 93446

    • Price: $8,900,000
    • Status: PENDING
    • Updated: 175 min ago
    • ID#: 302454103
    6
    Beds
    0
    Baths
    0
    ½ Baths
    2.81
    Acres
    1953
    Built
    Neighborhood:
    Pr City Limits West(120)
    County:
    San Luis Obispo
    Area:
    Paso Robles (93446)
    Property Description
    Attention Investors! This is a rare opportunity to own a large apartment complex in the city of Paso Robles. Located on the "Gateway" to Paso Robles, this Spring Street corner property includes 6 buildings with 54 apartments. The apartments consist of; (8) one bedroom, one bath, approx. 650 sqft, (42) two bedroom, one bath, approx. 900 sqft and (4) three bedroom, one bath, approx. 1,100 sqft. Including (32) covered parking spaces and additional on-site parking. Coin-operated laundry rooms for additional i Attention Investors! This is a rare opportunity to own a large apartment complex in the city of Paso Robles. Located on the "Gateway" to Paso Robles, this Spring Street corner property includes 6 buildings with 54 apartments. The apartments consist of; (8) one bedroom, one bath, approx. 650 sqft, (42) two bedroom, one bath, approx. 900 sqft and (4) three bedroom, one bath, approx. 1,100 sqft. Including (32) covered parking spaces and additional on-site parking. Coin-operated laundry rooms for additional income. A small office space for management. The complex sits on approximately 2.81 acres and graced by majestic Oak trees. Located in the "Opportunity Zone" and zoned as TC-2 "Town Center Commercial Zoning District". Check with the City of Paso Robles about the possibility to add additional units. The apartments are just a few short blocks away from the downtown core. Paso Robles is known for its world class restaurants, wineries, local Mid State Fair, Vina Robles Amphitheater, and the Equestrian event venue "Paso Robles Horse Park". Paso Robles has made a big name for itself! It is a great place to work, live and vacation! This is a fabulous opportunity to invest in an amazing location and provide much needed homes in a tight and competitive housing market. Information deemed reliable but not verified.
    Exterior Features

    Exterior Stucco Pool N/K Site Corner LotCurbs Topography Level

    Interior Features

    Cooling N/K Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Units With Cooling 0 Units With Range Oven 54 Units With Refrigerators 48 Units With Washers 0

    Property Features

    Actual Cap Rate 7.12 Annual Expense Actual 0 Buildings 6 Gross Scheduled Income Actual 0 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 0.0 Unit2 Rent Actual 0.0 Unit3 Rent Actual 0.0 Water Meter On Property Zoning Tc2

    Listing provided courtesy of Bhgre Haven Properties. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130