About this property

Profitable and secure investment opportunity at a 5% CAP RATE for sale near Cal Poly consisting of two permitted and fully rented single family homes with 2700+sf of living space. Very strong rental history with a waitlist for residency, as this is the home of the local Cal Poly surf team. The front home consists of 3-bedrooms/2 bathrooms with a recent exterior paintjob, currently rented for $2,300 per month. The rear home is a LARGE 5-bedroom/3-bathroom home with a single car garage, and is currently being rented for just over $4,600. Both homes share the middle courtyard and backyard. Both homes are separately metered, with tenants paying all utilities. Quick access to HWY 101, Cal Poly and downtown San Luis Obispo.

Features and Additional Information