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