$1,675,000

2996 Alder Avenue

Morro Bay CA, 93442

Description

Brand New Ocean View Income Property in Morro Bay ! Investors, this is what you have long been waiting for. 3 Units Total. Unit 1 an 810 SF 1 bedroom 1 bath with Living Room, Family Room, Kitchen, Dining and an Ocean View Deck. Unit 2 is 1421 SF 3 Bedroom 2 Full Bath with Bonus Room (Think Office or Nursery) with 2 Ocean View Decks. Unit 3 is the Largest Unit with 1553 SF 3 Bedrooms, 2 Full Baths, Bonus Room and 2 Ocean View Decks. All 3 Units have Ocean and White Water Views from the Living Areas. Each Unit has it's own Laundry Facilities. Over-Built even by todays standards, this Impressive Structure has a 3135 SF parking Garage with an Elevator to access the Main Living Level. The Buildings Exterior blends Stucco and Fiber Cement Siding with PolyTuff Water Proof Decking and Extensive Concrete Sitework to create Beautiful Durability and Ease of Maintenance. Interiors will be finished with Vinyl Plank Flooring in the Living Areas and Carpet in the Bedrooms. White "Thermofoil" Shaker Style Cabinetry (Very Resilient) with Solid Surface Counter Tops. Deliberate Foresight allows Comfortable Access for Disabled Folks. Too Many Amenities to List Here. A Must See ! Projected approx. $100,000 Annual Rents ! Construction Complete October 2020. Still Time to Pick Colors !

Details

MLS#SP20125722
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year2020
Days On Site148

Features

SQ Feet3,784
Units3
Building(s)1

Market Activity 93442

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Area Information
StateCA
CountySan Luis Obispo
CityMorro Bay
Zip Code93442
AreaMRBY - Morro Bay
Listing VS Median (in 93442)
Price:
$1,675,000
low | high
Med:
$759,000
100% of Average
SqFt:
3,784
low | high
Med:
1,859
100% of Average
$ / SqFt:
$443
low | high
Med:
$408
57.764373399276% of Average
On Site:
148
low | high
Med:
367
40.326975476839% of Average
Listing Updated: November 22, 2020 11:26:47 PM PST
Paul Nagy LogoMLS Number: SP20125722
Listing Provided By:
Paul Nagy  of  The Real Estate Office
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.