HISTORIC SPRING ST INCOME UNITS! 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 1920?s, this building has been a fixture of Spring St for nearly a century! Years ago, 2 of the original 12 units were merged together, creating the existing 11 unit configuration with a generous 2 bedroom `managers unit?, complete with coved ceilings, two fireplaces and a clawfoot tub! The rent roll provides for $90,000/year in gross income based on its current residential use. However, thanks to the flexible T3-Flex zoning, one might consider a remodel conversion to Office, Professional, Retail?.or even a B & B or Boutique Hotel use. Or, collect the income now until you have a development plan ready for a brand new commercial or mixed use building?! So many options here! Priced right at $837,500 (182273)

This property is being marketed by Scott Ehrke, the broker is RE/MAX Parkside Real Estate S/B. You can contact this agent via Homes & Land using the form below.