4 Beds
2 Baths
1,654 SqFt
4 Beds
2 Baths
1,654 SqFt
Open House
Sun Jul 19, 12:00pm - 2:00pm
Tue Jul 21, 10:30am - 12:30pm
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,654 sqft
Price per Sqft $477
MLS Listing ID 26001426
Bedrooms 4
Full Baths 2
Year Built 1920
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Multi Family
Source North Santa Barbara County Regional MLS
Property Description
Here's your opportunity to own a well-maintained investment property in the heart of Santa Maria. Situated on a spacious 8,700+ square foot corner lot at E. Cook Street and East Avenue, this duplex offers two separate 2-bedroom, 1-bathroom homes, each with its own unique character and strong rental appeal.
The charming front home, built in 1920, offers a private fenced backyard, while the rear home, built in 1983, sits above a triple-car garage and includes additional fenced parking. Both units are separately metered, allowing tenants to pay their own utilities, while the owner enjoys the simplicity of paying only for lawn service.
Recent improvements provide added value and peace of mind, including a roof that is approximately three years old, new plumbing and electrical updates, and newer windows in Unit A. Each residence also includes its own indoor laundry area with washer and dryer, making these homes highly desirable for long-term tenants.
Best of all, excellent tenants are already in place, creating an attractive turnkey investment with an estimated 7% cap rate.
Conveniently located near shopping, restaurants, schools, parks, medical facilities, and Highway 101, this property offers easy access to everything Santa Maria has to offer. The Central Coast's renowned wineries, beautiful beaches, and outdoor recreation are all just a short drive away, making this a location that continues to attract quality tenants.
Showings will be available during two scheduled open house opportunities. Please watch for the published open house dates and times.
Don't miss this exceptional opportunity to add a solid, income-producing property to your investment portfolio!
Location
State CA
County Santa Barbara
Interior
Heating Forced Air
Cooling None
Heat Source Forced Air
Exterior
Community Features Sidewalks
Private Pool No
Building
Lot Description Corner
Building Description Wood Siding,Stucco, Wood Siding,Stucco
Story 2
Foundation Raised, None
Sewer Public Sewer
Water Public
Structure Type Wood Siding,Stucco
Others
Senior Community No
Tax ID 125-076-008
Acceptable Financing Cash, New Loan
Listing Terms Cash, New Loan
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