Property Details
About this Property
Turton Commercial Real Estate is proud to present 317 5th Street, a multifamily investment property located in the historic heart of Marysville. This distinguished complex boasts 8 units, each offering roughly 1,200 SF of living space, comprised of 5 two-bedroom one-bathroom apartments and 3 three-bedroom one-bathroom apartments. A significant renovation in 2020 upgraded the property with modern amenities including in-unit washer/dryers, HVAC wall units, and dishwashers, making it a highly desirable residence for tenants. The thoughtful inclusion of these amenities, along with the spacious layouts ideally suited for families or those that want to share costs, contributes to the property's competitive edge in the market. Priced at $184,375 per door, with a total valuation of $1,475,000 reflecting a 6.5% capitalization rate, the investment is underscored by a Net Operating Income of $95,875. This includes considerations for pro-forma property taxes and a 3% vacancy reserve, in a market with a current vacancy rate of 5.3%. The recent renovations suggest that the new owner is likely to face fewer immediate, significant deferred maintenance or improvement costs, enhancing the property's appeal.
MLS Listing Information
MLS #
ME224117319
MLS Source
MetroList Services, Inc.
Days on Site
35
Interior Features
Flooring
Carpet, Wood
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Foundation
Brick/Mortar
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Street, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
C-2
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,150 | 3 | 2/0 | $1,495 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
317 5th St is a Residential Income in Marysville, CA 95901. This 9,920 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,475,000 and was built in –. This address can also be written as 317 5th St, Marysville, CA 95901.
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This listing information is up-to-date as of October 22, 2024. For the most current information, please contact James Nabers, (916) 817-0140
