Address
2980 Coloma Street, Placerville, CA
Price
$ 1,900,000
Property Attributes
- MLS#224039888
- TypeIncome
- CountyEL DORADO
- CityPlacerville
- AreaPlacerville
- Zip95667
- Style
- Price$ 1,900,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.46 Acres
Data Source:
MetroList MLS
Property Description
7.5% Cap rate on actuals! This is a very unique opportunity. This is not an apartment complex, although it is ran just like an apartment community. The Subject property consists of two separate buildings. 1) is a 6bedroom/3.5 Bath single family home that is on a master lease for $1500 a month. Rent could be more like $3,000! building #2) is a 31 bedroom, 6 bathroom structure that is rented by the room. Rents range from $500-$650 per bedroom. There is an on-site manager that does all of the management for the owner and is willing to stay. The building includes a back yard community garden area, a common area commercial sized shared kitchen with 16 refrigerators. There are vending machines, storage lockers and a laundry facility on-site. The building is very quiet and well kept. There is a walking path to Downtown Placerville which is only a stones throw away! This building is a cash cow and consistently remains occupied due to the affordability and location. Priced to sell!
| Price History | |
|---|---|
| 4/19/2024 | Listed $1,900,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Varies by Unit |
| Cooling | Ceiling Fan(s),Central |
| Utilities | Natural Gas Connected,Electric |
| Unit 1 Rent | 650 |
| Garage Spaces | 0.0 |
| Architectural Style | Other |
| Construction Materials | Stucco,Vinyl Siding |
| Year Built | 1875 |
| Stories | 2 |
| Property SubType | 5 or More Units |
| County | El Dorado |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | Placerville,Corner of Coloma Street and High Street |
| City | Placerville |
| Buyer Agent Compensation | 2.5 |
| High School District | El Dorado Union High |
| Zoning Description | R106 |
| Open Parking Spaces | 0.0 |
| Total Units | 37 |
| MLS Area | 12701 |
| Lot Size Square Feet | 20038.0 |
| Carport Spaces | 0.0 |
| Street Name | Coloma |
| Standard Status | Active |
| Middle/Junior School District | Placerville Union |
| Elementary School District | Placerville Union |
| Year Built Source | Owner |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Flooring | Varies by Unit |
|---|---|
| Total Stories | 2 |
| Unit 1 Full Baths | 9 |
| Unit1Bedrooms | 37 |
| Street Suffix | Street |
| Laundry Features | Washer/Dryer Owned |
| Unit 1 Bedroom Units Total | 37 |
Exterior Features
| Parking Features | Street |
|---|---|
| Lot Features | Other |
| Water Source | Meter on Site |
| Total Parking | 0.0 |
| Foundation Details | Concrete |
| Number of Buildings | 2 |
| Lot Size Acres | 0.46 |
| Lot Size Source | Not Verified |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95667
Price
Visits
Year Built
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: May 2, 2024 5:50 PM UTC 