630 E Cook, Santa Maria, CA 93454

Property Description

Outstanding Income-Producing Duplex with Approximately a 7% Cap Rate! Here's your opportunity to own a well-maintained investment property in the heart of Santa Maria. Situated on a spacious 8,700+ square foot corner lot at E. Cook Street and East Avenue, this duplex offers two separate 2-bedroom, 1-bathroom homes, each with its own unique character and strong rental appeal. The charming front home, built in 1920, offers a private fenced backyard, while the rear home, built in 1983, sits above a triple-car garage and includes additional fenced parking. Both units are separately metered, allowing tenants to pay their own utilities, while the owner enjoys the simplicity of paying only for lawn service. Recent improvements provide added value and peace of mind, including a roof that is approximately three years old, new plumbing and electrical updates, and newer windows in Unit B. Each residence also includes its own indoor laundry area with washer and dryer, making these homes highly desirable for long-term tenants. Best of all, excellent tenants are already in place, creating an attractive turnkey investment with an estimated 7% cap rate. Conveniently located near shopping, restaurants, schools, parks, medical facilities, and Highway 101, this property offers easy access to everything Santa Maria has to offer. The Central Coast's renowned wineries, beautiful beaches, and outdoor recreation are all just a short drive away, making this a location desirable.