Property Listing No Longer Available for Sale

1173 Fair Oaks Ave, Arroyo Grande, CA

Multi-family for Sale - $5,250,000 - 23,370 Sq. Ft. on 1.4 acres


Property Info

CIMLS#859385
Location
  1173 Fair Oaks Ave
  Arroyo Grande CA 93420
UpdatedMarch 19th, 2017
TypeMulti-family
Price$5,250,000
Building23,370 Sq. Ft.
Land1.4 acres

Property Description

The property consists of 5 buildings, each two story with wood frame and stucco construction. The property has been extremely well maintained and has had many recent improvements to both the exterior and interiors of the property. The individual units are well sized with one bedroom and two bedroom units. Common areas include storage, a swimming pool, laundry facility, and leasing office. The landscaping is impeccably lush and includes a greenbelt in rear of property, potential for additional units.

Location Description:

The property is conveniently located near parks, schools, major retail, and employment in Arroyo Grande, California.

Highlights:

>> 28 Units

>> Well Maintained

>> Less than replacement cost

>> Located in mixed Single & MF neighborhood

>> $187,500 per unit, nearby homes selling $500k plus!

>> A Location and above average sized units

* Email for additional photos


Financials

Sales Info:

>> Commision split: 3.0%