$3,200,000
$3,750,000
14.7%For more information regarding the value of a property, please contact us for a free consultation.
201 Main Street Morro Bay, CA 93442
7 Beds
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SC22009743
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Description
Waterfront income property on the Central Coast of California with 3 houses! Marina portion includes 28 boat spaces, 2 restrooms and a pier/dock. Water lease with the City of Morro Bay has 12 years left on the current lease with an option for an additional 20 years. Huge demand for boat slips in the area and rental housing, zero vacancy for the past eight years. This property is owner managed and not overly demanding. Rare opportunity to have a water lease and own the upland real estate. Offered at a 5.7% cap rate.
Location
State CA
County San Luis Obispo
Zoning Estimated
Exterior
View Y/N No
Others
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Bought with Hal Sweasey Keller Williams Realty Central Coast