10
See all 10 photos
$775,000
Est. payment /mo
4 Beds
0.34 Acres Lot
New
107 Capitol Hill Drive Paso Robles, CA 93446
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC25220623
Bedrooms 4
Lot Size 0.341 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Calling all investors, are you looking for a cash flowing value add property? Here's your opportunity! Welcome to 107 Capitol Hill, a lovingly restored farmhouse duplex on a 14,850 sqft R-2 lot just blocks from downtown Paso Robles. This versatile income generating property is currently a duplex with two separate 2-bedroom, 2-bathroom unitsboth with fully occupied with long term tenants, renting for $2,750 (downstairs) and $2,650 (upstairs), with utilities included. The upstairs unit was recently renovated with newly textured walls, fresh interior paint, a remodeled kitchen, new luxury vinyl flooring, updated electrical, new appliances, and has lots of storage. Huge potential with the approved permits in place for a 1-bedroom, 1-bathroom ADU garage conversion that could generate an additional $2,000 per month in rental income for a total of $7,350/month or more. If you choose to leave the garage it's a great detached 2-car garage with high ceilings provides excellent workspace or storage, and the spacious yard offers shaded sitting areas, garden space, and a fire pit. With charm, income, and upside potential, this property is a rare Paso Robles opportunity. Lots of options with this large lot and great zoning for potential future development or even a lot split.
Location
State CA
County San Luis Obispo
Zoning Public Rec
Direction Driving up 13th Street until it turns to Creston Road, Take your second Right on Capitol Hill. Property is 4th down on left.
Interior
Cooling Central Forced Air, Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 009523004
Listed by Ben Tilbury Keller Williams Realty Central Coast
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