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Impressive income property on the West Side of Santa Barbara! 2 free-standing and private 3 bedroom, 2 bath homes in great condition- each with its own 2-car garage. Both homes are newer construction and have been well maintained. The corner house was built in 2004 and at that time the back house was completely remodeled. Excellent opportunity for an owner/user with extended family or seamless transition for a landlord. Currently generating $7, 500/month in rents, this outstanding investment won't last long!
Property Type: Multi Family Home
Sub Type: Multi Family Home
Listing Status: Active
County/Area: Santa Barbara County
Zip Code: 93101
Year Built: 1910
Elementary School: Harding
Middle School: S.b. Jr.
High School: S.b. Sr.
Units: 2 units
Lot Size: 5663 sq ft
Area: 20 - SB/WEST OF STATE
Amenities: Dishwasher, Fncd Back, Gas Stove, Insul T/O
Annual Income: 90000.00
Cap Rate: 5.3
Flr/Wdw Coverings: Tile, Wood/Laminate
Gross Rent Multiplr: 13.9
Parking Info: Gar #2, Garages
Proximity: Near Bus, Near Hospital, Near Ocean, Near Park(S), Near School(S), Near Shopping
Total Monthly Income: 7500.00
Unit 1: 10-Of-This-Type, 30-Bed, 20-Bath, $40000/Mo