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$1,475,000

Est. payment - /mo

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9,920 SqFt

Active

317 5th ST Marysville, CA 95901

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Desmond Sandy

desmond@sandyrealestategroup.com +1(530) 263-1925

UPDATED:

10/22/2024 08:48 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,920 sqft

Price per Sqft $148

MLS Listing ID 224117319

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1908

Lot Size 6,573 Sqft

Acres 0.1509

Property 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 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.

Location

State CA

County Yuba

Area 12502

Direction 317 5th Street, Marysville

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Carpet, Wood

Laundry In Each Unit

Exterior

Garage Street

Utilities Available Cable Available, Natural Gas Connected, Electric, Internet Available

Water Access Desc Public

Building

Lot Description Curb(s)

Foundation BrickMortar

Sewer Public Sewer

Water Public

Schools

Elementary Schools Marysville Joint

Middle Schools Marysville Joint

High Schools Marysville Joint

School District Yuba

Others

Senior Community No

Tax ID 010-182-006-000

Special Listing Condition Other

Listed by Ken Turton, Broker

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925