$1,650,000
BEDS
--
BATHS
--
SQFT
--
ACRES
0.15
MLS # 224057878 | Listed by Ken Turton, Broker
MLS # 224057878 | Listed by Ken Turton, Broker
317 5th Street is a $1,650,000 home on a 0.15 acre lot located in Marysville, CA.
Seller’s Description
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 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 $206,250 per door, with a total valuation of $1,650,000 reflecting a 6% capitalization rate, the investment is underscored by a Net Operating Income of $98,974. 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.
Features
INTERIOR
| Interior Features | Carpet Wood In Each Unit |
| Cooling Types | Window Unit(s) |
| Heating Types | Wall Furnace |
EXTERIOR
| Parking Types | Street |
| Exterior Features | Curb(s) Cable Available Internet Available Natural Gas Connected |
| Irrigation | Public District |
| Sewer | Public Sewer |
PROPERTY
| Property Type | Residential Income |
| Property Sub Type | 5 or More Units |
| Year Built | 1908 |
| HOA Fee | $0.00 |
| County | yuba |
| School District | marysville joint |
| Neighborhood |
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