Listed by Century 21 Hometown Realty
$1,030,000
260 Pacific Street
Details
APN 066115004
Property Type Multifamily
Sub Type Apartment Building
Units 2
Cap Rate 4.00%
Buildings 3
Stories 1
Acreage 0.133
Zoning Public Rec
Multifamily | 4.00% CAP | 2 Units
Marketing description
Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each hanvig individual yards and there is a rear two car garage. The roof and rain gutters were recently replaced and the units bring great rents, being so close to the Embarcadero. This property has fantastic upside potential. This property also qualifies for a short term vacation rental license. Whether you are wanting an investment property or a vacation hideaway spot for the family this fits the bill.
Listing Contacts
Listed by Century 21 Hometown Realty
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