Historical Multifamily Sale Listing - Four plex with possible condo conversion

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Four plex with possible condo conversion

478 Mills Way, Goleta, CA 93117

N/A

4 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
4
Building Size:
3,600 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6%
Gross Rent Multiplier:
15
Occupancy:
100%
No. Stories:
2
Year Built:
1970
Lot Size:
9,583 SF
Listing ID
15999935
Last Updated
over 1 year ago

Highlights

  • Possible Condo Conversion
  • Separate meters
  • Close to U.C.S.B.
  • Turn key property
  • New Kitchens with Granite Counters, and renovated bathrooms
  • Great Cash Flow

Description

Hard to find 4-plex in great residential location near UCSB & Camino Real. This turn key property has great cash flow ($8,300/mo income) and boasts new kitchens, baths, appliances, granite counters, tile, landscaping, auto. sprinklers, fencing, exterior lighting & more. Potential condo conversion w/ separate electric & gas meters, 7 parking spaces (possible 8th at bike storage).

Take Storke Rd. to Phelps, head west to Mills Way.

Map of 478 Mills Way, Goleta, CA 93117 (Santa Barbara County)

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