Sold for $1,225,000 on Apr 23, 2018
5-PLEX - Homes & Apts. Great Investment Opportunity. 2 small homes & Triplex on well-located Corner Lot (Broad & Lawrence St). Plenty of parking. Leases are below market due to long tenancy ... BUT ...mostly Month-to-Month! Owner-manager lives in 2845-1/2 Broad (2 bed, 2 bath, 1375 sq ft Home) above a 3 car garage with one garage space available for Second home (2845 Broad: a 2 bedrm, 1 bath home -- in MIDST OF REMODEL !! No tenant now, many new materials ready to be installed for a new owner to finish). The Triplex is a separate set of apartment units, on same APN, that front on 699 Lawrence St; with own driveway. Thus, the complex sits on the Corner Lot of Broad & Lawrence. All units have own green yards. A Great location between SLO Downtown & Airport, on Broad Street. Estimated 'Market rents' (from rental appraisal): approx $8400 per month. Great property to Own/Live and FOUR separate units to rent for income ! Being a 5-Plex, will require Commercial Loan. Really motivated sellers!
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