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Just blocks from downtown district
Originally built as twelve units
Units include 5 studios/5 1 bdrm
Includes a 2 bdrm ‘managers’ unit
Plenty of onsite & street parking
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A PROPERTY WITH A PAST....AND A FUTURE! This unique income property is situated on a prime quarter acre corner lot on Spring Street, just a few blocks from the bustling Paso Robles downtown district. Originally built for teacher housing in the 1920s, 2 of the original 12 units have been merged to create the existing 11 unit configuration with a generous ‘managers unit’, complete with coved ceilings, a fireplace and a clawfoot tub! Current residential income is approximately $85,000/year (gross). This historic structure could potentially be remodeled and converted to office use (the property is zoned Office Professional), or collect the income now until you have a development plan ready for a new O/P building. One might even consider the possibility of turning the structure into a Bed & Breakfast or Boutique Hotel? (160695)
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