8125 Amapoa Avenue

    Atascadero, CA 93422
    • $1,275,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: NS18198614
    UPDATED: 29 min ago
    $1,275,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,100
      SQFT
    • $250
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1997
    County:

    School Ratings & Info

    Description

    Investor's Special! 6 Plex consisting of six 2 bedroom, 1 bath units, approx. 850+/- S.F. each with their own private balcony or fenced yard and 2 designated parking spots. Well kept units each currently paying $1,100/month and on month to month leases. According to local property managers, current market rent is likely between $1,200-$1,500/month (buyer to verify). New roof installed in 2018. Owner pays trash and water. Each unit has their own electric and gas meters. Current CAP rate is approx. 4.17%, but with rent increases, could be closer to 4.7%- 6.4%. Time to make a move and invest NOW!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T21:30:17.167. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/86595308

    8125 Amapoa Avenue Atascadero, CA 93422

    • Price: $1,275,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: NS18198614
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    5,100
    SQFT
    $250
    $/SQFT
    1997
    Built
    Neighborhood:
    Atsouthwest(50)
    County:
    San Luis Obispo
    Area:
    ATSC - Atascadero
    Property Description
    Investor's Special! 6 Plex consisting of six 2 bedroom, 1 bath units, approx. 850+/- S.F. each with their own private balcony or fenced yard and 2 designated parking spots. Well kept units each currently paying $1,100/month and on month to month leases. According to local property managers, current market rent is likely between $1,200-$1,500/month (buyer to verify). New roof installed in 2018. Owner pays trash and water. Each unit has their own electric and gas meters. Current CAP rate is approx. 4.17%, but with rent increases, could be closer to 4.7%- 6.4%. Time to make a move and invest NOW!
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/AcreLot-Level/Flat Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Cooling YN Yes Heating Forced Air Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 4.15 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 0.00 Gross Income 66725.00 Gross Multiplier 16.00 Gross Scheduled Income 79200.00 Insurance Expense 1928.00 Land Lease YN No Laundry YN No Net Operating Income 40669.00 New Taxes Expense 6784.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 26056.00 Professional Management Expense 3920.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Atsouthwest(50) Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 66725.00 Total Expenses 26056.00 Trash Expense 1665.00 Water Sewer Expense 1480.00 Water Source Public Zoning Mf20

    Listing provided courtesy of Nicolette Harley of The Harley Group and Jessica Baker of The Harley Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T21:30:17.167. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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