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22 Units in the Heart of Santa Barbara. This is an incredible investment opportunity, ideally situated to take advantage of the city's robust rental market. This property features a mix of 1-bedroom, 1-bathroom apartments and cozy studios. A convenient common laundry facility adds to the property's appeal for tenants. Recent upgrades too numerous to mention. Ample off-street parking. Priced to deliver a cap rate of over 5, this investment offers both strong cash flow and potential for long-term appreciation. With its prime location near Cottage Hospital and the entire medical district, residents will enjoy easy access to Santa Barbara's dining, shopping, and entertainment, making this property a standout addition to any investor's portfolio.
Last Updated | 9/9/2024 | Community | Santa Barbara |
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County | Santa Barbara |
Additional Details
AIR | None |
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APPLIANCES | Refrigerator |
AREA | Santa Barbara |
GARAGE | Uncovered |
HEAT | Wall Furnace |
LOT | 0.37 acre(s) |
PARKING | Uncovered |
STORIES | 2 |
ZONING | R-4 |
Location
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