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316 S Halcyon Road S

Arroyo Grande, CA 93420
  • $2,659,500
  • STATUS: Active Under Contract
  • ON SITE: 163 Days
  • ID#: PI22008066
Under Contract
UPDATED: 28 min ago
$2,659,500
  • 0
    BEDS
  • 0.79
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2015
County:

School Ratings & Info

Listing Agent(s): Paul Masters of Home Masters Realty (805-878-0796)


Description

Superb Arroyo Grande real estate opportunity! Put your hard-earned money to work with these 5 RESIDENCES w/ 1 New Commercial bldg. w/ 2 tenants. Three recent rent increase Oct. 2021. Total of 12 bedrooms & 8 bathrooms. Arroyo Grande Multi-Residential & Commercial 6 residences includes 3 houses and one duplex w/ newly built added bedroom. Complex total currently rented $11,918 monthly & will increase w/ permitted addition. Separately gas & electric metered. Property includes a large, rented shed-barn structure which generates income for storage. Work your business while rentals subsidize cash flow Includes new built / remodeled buildings, homes & more. Improvements beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future buildouts of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property 2 covered. 1 of 5 homes has 3 bedrooms 2 baths; one has 2-bedroom w/ 2 baths; 3 of the 5 residences features 2 bedrooms 1 baths. All in excellent condition. THE BUSINESS / COMMERCIAL building is newer built with 2810 ADDITIONAL SF WITH TWO PREMIUM BUSINESS SPACES. The total (8) structures & all are rented with 2 long-term renters at below market values. Possible medical office space, & existing plans for a new two-story duplex included with the sale. All residential units 312,316,320,324 & 328 Halcyon have washer/dryer hookups gas and electric. 330 Halcyon is the newly added commercial building. This parcel indeed has SUPREME LOCATION, LOCATION LOCATION! Perfect landing for a 1031 tax-exchange! The $1195 per month stand-alone home at 316 Halcyon is occupied by one of the existing owners. He may move once this transaction takes place thus creating a higher rent to come.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-27T22:28:02.613. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/124747921
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316 S Halcyon Road S Arroyo Grande, CA 93420

  • Price: $2,659,500
  • Status: Active Under Contract
  • On Site: 163 Days
  • Updated: 28 min ago
  • ID#: PI22008066
0
Beds
0
Baths
0
½ Baths
0.79
Acres
2015
Built
Neighborhood:
ARRG - Arroyo Grande
County:
San Luis Obispo
Area:
ARRG - Arroyo Grande
Property Description
Superb Arroyo Grande real estate opportunity! Put your hard-earned money to work with these 5 RESIDENCES w/ 1 New Commercial bldg. w/ 2 tenants. Three recent rent increase Oct. 2021. Total of 12 bedrooms & 8 bathrooms. Arroyo Grande Multi-Residential & Commercial 6 residences includes 3 houses and one duplex w/ newly built added bedroom. Complex total currently rented $11,918 monthly & will increase w/ permitted addition. Separately gas & electric metered. Property includes a large, rented shed-barn structure which generates income for storage. Work your business while rentals subsidize cash flow Includes new built / remodeled buildings, homes & more. Improvements beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future buildouts of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property 2 covered. 1 of 5 homes has 3 bedrooms 2 baths; one has 2-bedroom w/ 2 baths; 3 of the 5 residences features 2 bedrooms 1 baths. All in excellent condition. THE BUSINESS / COMMERCIAL building is newer built with 2810 ADDITIONAL SF WITH TWO PREMIUM BUSINESS SPACES. The total (8) structures & all are rented with 2 long-term renters at below market values. Possible medical office space, & existing plans for a new two-story duplex included with the sale. All residential units 312,316,320,324 & 328 Halcyon have washer/dryer hookups gas and electric. 330 Halcyon is the newly added commercial building. This parcel indeed has SUPREME LOCATION, LOCATION LOCATION! Perfect landing for a 1031 tax-exchange! The $1195 per month stand-alone home at 316 Halcyon is occupied by one of the existing owners. He may move once this transaction takes place thus creating a higher rent to come.
Exterior Features

Lot Features Yard Sign On Property YN No

Interior Features

Heating Natural GasWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.1 Common Interest Planned Development Current Financing Government Loan Electric Expense 1 Gross Scheduled Income 143016 Insurance Expense 3270 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalContractLease BackOwner Will Carry Net Operating Income 119680 Operating Expense 23366 Other Expense 14480 Property Sub Type Mixed Use Special Listing Conditions Standard Trash Expense 1416 Water Sewer Expense 4200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-27T22:28:02.613. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Paul Masters of Home Masters Realty (805-878-0796)