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Atascadero, CA 93422,4700 Rocky Canyon RD
$1,070,000
Est. payment /mo
$1,350,000
20.7%
Est.Price: ?

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9.6 Acres Lot
SOLD DATE : 03/07/2016

Key Details

Sold Price $1,070,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Atnortheast(10)

MLS Listing ID SP1061276

Year Built 1960

Lot Size 9.600 Acres

Property Description

Marketing Remarks: Showing subject to offer. Seller Will Carry First Trust Deed At 6%. 6.0% cash on cash return. 11 units in a quiet and serene part of Atascadero consisting of a single family home, 6 mobile rentals and 4 tenant-owned mobile homes. All units have nice sized yards and carports/garages. Almost all units are large, 1400 to 1700 square feet. 4 Tenant-owned mobiles pay space rent between $260 and $305. One Section 8 tenant rented at $1,733 (tenant pays $631) & this unit' s rent can be raised to $1,850. 3 bedroom single family home was just remodeled. Other units have been remodeled in the past and upon tenant turnover. On-site manager allowing for the ability to own from afar. 6 mobile rentals consist of three 3 bedrooms and 3 two bedrooms. Agricultural zoning, non-conforming. No more units can be added.

Location

State CA

County San Luis Obispo

Area Atsc - Atascadero

Zoning AG

Interior

Heating See Remarks

Cooling See Remarks

Exterior

Parking Features Covered

Roof Type Shingle

Building

Lot Description Paved

Story One

Foundation None

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

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California Regional MLS (CRMLS)
Listed by Guy Torelli • Torelli Investment Realty
Bought with Guy Torelli • Torelli Investment Realty
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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