Sold
560 12th Street
San Miguel CA, 93451
$1,000,000
Sold
Residential
Listed by Guy Torelli with Torelli Investment Realty 949-862-1000
Marketing Remarks: Brokers/Agents: Please see Confidential Remarks. 11 Apartments & 22 Mobile Home Spaces on a 1.4 Acre parcel. 7.8 GRM TODAY! Assumable 1st T.D. with 34% down. Cash flow today with only 52% occupancy. 20% cash return on full occupancy. Leased Up CAP is 15% after cash infusion. Professional property management in place. San Miguel has a severe shortage of rental units. San Miguel is 7 minutes north of Paso Robles with a population of approximately 2,400 with a medial household income of $45,000. The median home value in San Miguel is $276,100. A brand new housing development is a few blocks away from the subject property with prices starting around $300,000.
SP1046916
MLSⓇ ID
March 18, 2024
Updated
Interior Features
Total Stories
1
Laundry Description
Common Area
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Propane
Exterior/Building Features
Lot Size
1.41 Acres
Roof
Shingle
Other Property Details
Days on Market
235
Garage
No
Parking
On Site
View
No
County
San Luis Obispo
Pool
No
Listing Contact: 949-862-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/18/2024 at 6:59 PM UTC