Residential Income Details
Eight unit apartment building located close to the beach, shopping, Montecito and downtown Santa Barbara. The property consists of large units totaling approximately 5,550 square feetand provides for a unit mix of two 2BD/1BA units and six 1BD/1BA units. Recent upgrades include (but are not limited to) a newer roof, newer dual pane windows, new exterior paint, newplumbing (in portions), newer flooring, and newer appliances. Additionally, the property offers an onsite laundry room, 11 onsite parking stalls, separate gas and electric meters for each unit and leases that allow for a utility reimbursement from the tenants for water sewer and trash in excess of $500 per month. Great opportunity to buy a stabilized apartment investments withrealistic upside in obtaining increases in all the rents.
|Listing Brokerage||Hayes Commerical Corp|
|Listing Agent||Christos Celmayster|
|Listing Agent BRE #||01342996|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, July 19, 2018.
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