Description
$250,000 price reduction*** 10% 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!
Property Type
ResidentialIncomeCounty
El DoradoStyle
ResidentialIncomeAD ID
46071379
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BuyOwner last updated this listing 11/21/2024 @ 16:30
- MLS: 224039888
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: MLS Metrolist
is a Home, with bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.