Description
Development opportunity with approved plans for ability to add (6) units on 2 parcels with a newly renovated 1,867± sq. ft. home near downtown Paso Robles. The proposed multi-unit plans include (4) units on the adjoining and recently cleared lot plus a garage and (2) units added to the existing home parcel. In addition to the proposed development opportunity the existing 4 bedroom, 3-bathroom home features an effortless floor plan with a statement fireplace, large kitchen island and generous natural light. Includes sewer and water access at the street, a water meter will need to be purchased from the city in order to obtain a building permit. Proposed rent estimates for the new units range from $2,100-$2,600, while the existing home rent estimate range is $3,800-$4,000 a month. This property offers an ideal location to the heart of Paso Robles near downtown, commuting, dining and entertainment, perfect for those looking for their next development project.
Location
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Attribution contact: 805-434-9700
Listing Agent: David Crabtree
Listing Office: Home & Ranch Sotheby's Intl