369 Quintana Road

    Morro Bay, CA 93442
    • $495,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: SC18137679
    Foreclosure
    UPDATED: 29 min ago
    $495,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,213
      SQFT
    • $95
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    "The Storage Depot" is a 49-unit mini-storage investment opportunity for a hands on owner. It's located near downtown Morro Bay, and has easy Highway access. The units have a surveillance camera security and alarm system to care for a mix of unit sizes from 5 x 8 to 12 x 16. Their may be room at the rear of the lot to develop a care taker apartment over a 4-car garage. Check with the City of Morro Bay on the application process. The units are 65 % occupied at the moment and the price reflects the current income. The opportunity lies in increasing the occupancy and rent values, and developing the lot to it's full potential. Our owner will carry financing for 10 years at below commercial bank rate interest to make the investment work.Call your Broker today to get all the details.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-15T20:26:29.853. 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.
    www.pismohomes.com/homes/84567757

    369 Quintana Road Morro Bay, CA 93442

    • Price: $495,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: SC18137679
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    5,213
    SQFT
    $95
    $/SQFT
    Neighborhood:
    MRBY - Morro Bay
    County:
    San Luis Obispo
    Area:
    MRBY - Morro Bay
    Property Description
    "The Storage Depot" is a 49-unit mini-storage investment opportunity for a hands on owner. It's located near downtown Morro Bay, and has easy Highway access. The units have a surveillance camera security and alarm system to care for a mix of unit sizes from 5 x 8 to 12 x 16. Their may be room at the rear of the lot to develop a care taker apartment over a 4-car garage. Check with the City of Morro Bay on the application process. The units are 65 % occupied at the moment and the price reflects the current income. The opportunity lies in increasing the occupancy and rent values, and developing the lot to it's full potential. Our owner will carry financing for 10 years at below commercial bank rate interest to make the investment work.Call your Broker today to get all the details.
    Exterior Features

    Lot Features Up Slope From Street Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.00 Country Us Gross Scheduled Income 48600.00 Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 31600.00 Operating Expense 17000.00 Property Sub Type Mixed Use Security Features 24 Hour SecurityClosed Circuit TvWired For Alarm System Special Listing Conditions StandardReal Estate Owned Water Source Public

    Listing provided courtesy of Jack Franklin of Franklin Real Estate & Rentals.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-15T20:26:29.853. 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.
     
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