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3505 Spring St

10 Unit Apartment Building $2,000,000 ($200,000/Unit) 5.83% Cap Rate Paso Robles, CA 93446

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INVESTMENT HIGHLIGHTS

PRICE IMPROVEMENT- MOTIVATED SELLER
Key features include a paved parking lot for tenant convenience, a fenced backyard offering privacy and security, and covered patio areas

This property presents a fantastic opportunity for both seasoned investors and those looking to enter the market

EXECUTIVE SUMMARY

Discover an exceptional fully renovated investment opportunity with this 10-unit apartment building located in a designated Opportunity Zone in Paso Robles. This property features a diverse range of units to accommodate various tenant needs, including five studios and one spacious one-bedroom unit on the upper level, each boasting a full bath. Renovations include plumbing, electrical, roofing, deck and unit upgrades. The lower level offers a larger two-bedroom, two-bath unit, along with three additional one-bedroom units. Key features include a paved parking lot for tenant convenience, a fenced backyard offering privacy and security, and covered patio areas perfect for outdoor relaxation. This property presents a fantastic opportunity for both seasoned investors and those looking to enter the market. This opportunity won't last!

PROPERTY FACTS

Price	$2,000,000	Building Class	C
Price Per Unit	$200,000	Lot Size	0.39 AC
Sale Type	Investment	Building Size	10,000 SF
Cap Rate	5.83%	Average Occupancy	100%
No. Units	10	No. Stories	2
Property Type	Multifamily	Year Built	1968
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$2,000,000
Price Per Unit	$200,000
Sale Type	Investment
Cap Rate	5.83%
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.39 AC
Building Size	10,000 SF
Average Occupancy	100%
No. Stories	2
Year Built	1968
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.