Neighborhood: Pric - Pr Inside City Limit, Pr City Limits West(120)
LOCATED IN THE PASO ROBLES OPPORTUNITY ZONE (Follow the link and read more about the major tax benefits by investing here).
Downtown Paso Robles 4-unit apartment building ON R3 Zoning, 100% occupancy coin-operated laundry produces over $200 monthly, new stucco, new roof, new dual pane windows. A Value-add business plan would bring current rents from an average of $1,500 to $1,850/unit or $7,400/month gross. Market rents in this part of DT Paso Robles Bring-in $1,800-$2,300 for 2-bedroom (updated) units. Paired with the location, the property offers higher-end cabinets, appliances, and tile flooring, making these rental units highly desirable to any future tenants.
*Opportunity Zones will be allowed to defer or eliminate federal taxes on capital gains earned from the sale of stock, business assets, or property. The Paso Robles Opportunity Zone includes all land within the City boundary that is west of the Salinas River and north of 1st Street.