Property photo and description

POCKET LISTINGS

223 N Salinas St.

Santa Barbara, California 93103

$1,700,000

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Farmhouse Style Duplex (1db/ba units) + Bonus Studio
Each unit has own yard/parking/laundry
Rents are $7,925 per month!

 

Farmhouse-style income property with privacy!

Comprised of two 1 bedroom units and a bonus studio space, this sweet property is as charming as it is versatile! Situated in a lovely creekside setting, each unit has wonderful privacy including their own: outdoor yard space, decks/patios, off-street parking, laundry in-unit, and separate entrances. Upgrades include newer roof, sewer lateral, flooring, interior paint, gutters, updated plumbing and electrical, and the list goes on. 1.5 miles to the beach and a few short blocks to Trader Joes, restaurants, and shopping. Mature fruit trees including avocado, orange, lime, etc. Great investment opportunity, dialed in and ready to go!

Rents:
223 downstairs : $2,925
223 A upstairs: $2,650
223 A bonus:  $2,350
Total: $7,925

CAP Rate: 3.8%