Own water front property on The Central Coast! 100% occupied! Marina with 30 boat spaces, 3 Houses and a Commercial office. This property literally runs itself with zero employees. Easier than a car wash or laundry. Covid has been no issue for this business, All rents have been paid for the past eight years. At four million it's an easy 5 cap and possibilities are endless for extra income if someone wants to make an effort. The water underneath is leased from the City of Morro Bay with 12 years left on current lease and a 20 year option. A great cash business that won't be on the market long.
|DAYS ON MARKET||34||LAST UPDATED||3/12/2021|
|YEAR BUILT||0||COMMUNITY||MRBY - Morro Bay|
|COUNTY||San Luis Obispo||STATUS||Active|
|AREA||MRBY - Morro Bay|
|LOT DESCRIPTION||0-1 Unit/Acre, Sloped Down|
TOTAL MONTHLY PAYMENT
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