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$ 769,000
Est. payment /mo
Price Dropped by $30K
541 Atascadero Morro Bay, CA 93442
9,012 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC26059577
HOA Y/N No
Lot Size 9,012 Sqft
Property Description
When R1 lots with no entitlements are sitting at $400k, this is then a HUGE Opportunity at $769,000, fully permitted and ready to go! Build a 5-unit multifamily residence and capitalize today! Excellent views for tenants, this will be a competitive rental in your portfolio. Generous cap rate based on the current market numbers. Seller financing is available. Final permits are at the city. Call today.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Fishing, Golf, Hiking, Park, Water Sports
View Y/N Yes
View Rocks, Valley
Building
Lot Description Corner Lot, Gentle Sloping, Value In Land
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 068231056
Acceptable Financing Cash, Contract, Owner Will Carry
Listing Terms Cash, Contract, Owner Will Carry
Special Listing Condition Standard
Listed by Joel Pace Joel Pace Real Estate, Inc. joelpacere@gmail.com, DRE #01946105