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About the Listing NSPAYNE - PRANDERSENS,NS02219627
CONSTRUCTION COMPLETE & FULLY OCCUPIED! PRICED BELOW APPRAISED VALUE! Rare opportunity to own a newly constructed four-unit coastal property just minutes from Main Street, downtown Morro Bay, and the waterfront. This turnkey property combines modern coastal living with excellent income-producing potential. Demonstrating strong rental demand, all four residences were fully leased within just seven days of being offered for rent. The property features a two-story duplex with spacious 3BR/2.5BA residences of approximately 1,768 sq ft and 1,654 sq ft. Both offer open-concept kitchen, dining, and living areas, second-story balconies with partial coastal views, and attached two-car garages. Quality finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and contemporary kitchens with clean coastal styling. Two detached 1BR/1BA ADUs, approximately 526 sq ft each, provide additional rental income. Both feature second-story balconies, with one enjoying partial ocean views from the bedroom and deck. Each of the four residences is separately addressed and metered for electricity and water and includes owned solar and an individual fire sprinkler system reporting directly to the fire department. With all four units currently tenant occupied, this completed property offers immediate rental income and a unique opportunity to own a versatile, newly built investment property in one of the Central Coast’s most desirable coastal communities.
Listing Highlights for 457 Piney Way
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Air Cond: Electric,ENERGY STAR Qualified Equipment
- Heating: Electric
- Fireplaces:
- Floor: Vinyl
- Basement:
- Other: Ceiling Fan(s),High Ceilings,Quartz Counters
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: Under Construction,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage Faces Front
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 066186015
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
457 Piney Way Morro Bay, CA 93442
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