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Property Description:
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MLS # 08-4020 & 08-4011
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Duplex: Each unit 2 bedroom / 1 bath
Unique opportunity to own a duplex in the heart of San Roque. Steps from Loretto Plaza and Gelson's market, the property lies within Peabody school district. Centrally located, the property is about 5 minutes from downtown Santa Barbara and about 10 minutes from UCSB.
Priced below recent sales comparables. The property is competitively priced. Great opportunity for owner/occupant or extended family living. Each unit is 2 bedroom / 1 bath. Units are spacious and come with a one car garage and washer/dryer. Units are approximately 750sq.ft.. Back unit has a private grass patio while the front unit enjoys a fenced front yard. Property was built in 1954. Roof was installed in 1995. Recent pest inspection report indicated minimal work required to satisfy Section 1. Ready to move-in or continue renting out to current tenants.
Tenant in the front currently pays $1,500 / month while the tenant in the back unit pays $1,900 / month. Front tenant is on a month-to-month lease while the back tenant is about half way through his 6 month lease which will revert to month-to-month after expiration. Rents on the front unit could be raised about 15% and rents on the back unit are consistent with market rate.
Easy to show with 24 hour notice. Owner's are motivated and ready to sell.
Directions: From either north or south on the 101 Freeway, exit Las Positas and go towards the mountains. Once on Las Positas, cross State Street at which point Las Positas turns into San Roque Road and the property will be about a block and half up on your left.
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(805) 705-0318
DRE #: 01718357
