A great opportunity to acquire a property of this size near the Santa Barbara Bowl and just blocks from downtown Santa Barbara. Boastinga walk-up, 2-story building and a nice unit mix of (2) 2-bedroom, 1-bath and (4) 1-bedroom, 1-bath apartments. The property features a newlypainted exterior, a new carport roof, on-site parking, new wrought iron railing, common laundry room, and individual water heaters for eachunit. The upper units include open beam ceilings and two of the apartments have been updated with new vinyl plank flooring, new paint, newcarpet, a new stainless stove/oven, and new wood blinds. With additional upgrades, a new owner can take this building to the next level-there is plenty of upside! The buyer will have the opportunity to assume the existing loan of $875,000 with a 3.1% interest rate or obtain new financing.
Listing courtesy of Radius Group Commercial Real E.
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