Greg Malik Real Estate
316 S Halcyon Road S
Arroyo Grande, CA 93420

$2,421,500

Description

Total of 8 rental properties including shed/barn structure which generates income for storage. Arroyo Grande (Multi-Residential & Commercial Property) arrives! 5 residences w/three houses, one duplex, & A NEWLY ADDED TWO STORY DREAM BUSINESS STRUCTURE BUILDING FOR TWO BUSINESSES. Separately gas & electric metered. Work your business while rentals subsidize cash flow Includes new buiilt / remodeled buildings, homes & more. Improvements remain beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future build-outs of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property; four covered. Four of the five homes featuring 2 bdrms & 1 bths, the fifth home has 2 bathrooms. All kept in excellent condition. THE BUSINESS / COMMERCIAL PORTION FEATURES TWO PREMIUM BUSINESS SPACES NEWLY BUILT W 2810 ADDITIONAL SF. Total Currently rented for $9424 per month. The total (eight) structures & all are rented with long-term renters at below market values. Possible medical office space, & existing plans for a new two story duplex included with the sale. A lot-split is in the works. All residential units 312,316,320,324 & 328 have washer/dryer hookups gas and electric. Great location! Remember what Mom & Warren Buffet always say: LOCATION, LOCATION, LOCATION! What are you waiting for? Have your agent, write up a complete offer. Perfect landing for a tax-exchange

Details

MLS#PI18149942
StyleIndustrial
Sub-TypeResale
StatusActive
Year2015
Days On Site116

Features

SQ Feet8,776
Story(s)0
Units8

Market Activity 93420

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Area Information

StateCA
CountySan Luis Obispo
CityArroyo Grande
Zip Code93420
AreaARRG - Arroyo Grande
Listing VS Median (in 93420)
Price:
$2,421,500
low | high
Med:
$750,000
100% of Average
SqFt:
8,776
low | high
Med:
1,886
100% of Average
$ / SqFt:
$276
low | high
Med:
$408
2.084870507019% of Average
On Site:
116
low | high
Med:
88.5
100% of Average
Listing Updated: 10/15/2018
MLS Number: PI18149942
Listing Provided By:
Paul Masters  of  Home Masters Realty
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