Rare opportunity to purchase a multi-family rental income property on a large parcel in Santa Maria. Full of possibilities, this property has undergone a variety of upgrades over the course of the previous year and is ready for a new owner to bring a unique vision for the future of this property. There are four separate building structures comprised of seven individual rental units on a large corner lot (four 1-bedroom units and three 2-bedroom units). Recent rent increase notices will bring the current monthly income to $8,470.00/month as of May 1 with one upcoming vacant unit ready to be set to market rent. All units are separately metered for electricity and gas.
Property Details
Price:
$1,450,000
MLS #:
SC23047326
Status:
Active
Address:
223 E Tunnell Street
Type:
Residential Income
City:
Santa Maria
Listed Date:
Mar 17, 2023
State:
CA
ZIP:
93454
Subdivision:
SM Northeast(910)
Lot Size:
18,731 sqft / 0.43 acres (approx)
Year Built:
1950
Schools
Interior
Heating
Wall Furnace
Window Features
Double Pane Windows
Exterior
Roof
Flat
Sewer
Public Sewer
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Corner Lot
Pool Features
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas, Trash Collection
Map
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