Fantastic investment opportunity, second home...or both! Approved by the City of Solvang for short-term rental use, this one-of-a-kind property is ready to start generating income. This is one of only a handful of properties with approved zoning for short-term rental or vacation rental use in Solvang and the Santa Ynez Valley. Nestled in the heart of downtown, in an oasis of tranquility and beauty, the property is just under 4,000 sq ft of beautiful fully-remodeled in 2014 space: 5-6 bedrooms, 4 full/2 half baths, 2 kitchens, high beamed ceilings, stunning Great Room, gourmet kitchen. Capitalization potential projected to be as high as 9.9% (assuming a 46% rental occupancy rate and management by owner.). Pro forma spreadsheet are available from the listing office. 12 parking space credits. 12 dedicated parking spaces on and off property. Move right into this incredible live/work home, second home or income property
|Area||50 - SANTA YNEZ|
|Amenities||Cathedral Ceilings,Dual Pane Window,Guest Quarters|
|Junior High School||Other|
Let us get you more information. Simply contact us and we'll be happy to answer any questions.