• Coloma Street Placerville, CA 95667

  • $1,900,000

  • Bed(s)
  • 0
    Baths
  • 0
    Sq Ft

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!

Property Type :

ResidentialIncome

County :

El Dorado

Style :

ResidentialIncome

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Property Details

 

Water/Sewer

Sewer: Public Sewer

Interior Features

Laundry Features: Washer/Dryer Owned

Flooring Information

Varies by Unit

Heating & Cooling

Heating: Central,Varies by Unit

Cooling: Ceiling Fan(s),Central

Water Source: Meter on Site

Building Information

Year Built: 1875

Stories: 2

Construction: Stucco,Vinyl Siding

Foundation Details: Concrete

Exterior Features

Foundation Details: Concrete

Laundry Features

Washer/Dryer Owned

Lot Information

Lot Description: Other

Lot Square Feet: 20,038

Stories: 2

Property Information

Property Type: ResidentialIncome

Sub Type: 5 or More Units

Style: Other

Construction Materials: Stucco,Vinyl Siding

Property Age: 149

Cross Street: High Street

Source Neighborhood: 12701

Postal Code Plus 4: 4436

Area: Placerville S: 95667

Zoning: R106

Structure Type: Live/Work,Garden Apartments,House(s)

Farm Info

Irrigation Source: Meter on Site

Listing Price Information

Listing Id: 224039888

List Price: $1,900,000

Tax Information

Parcel Number: 001-161-027

Parking Information

Street

Homeowners Association Information

Association YN : No

Calculated Total Monthly Association Fees : $0

School Information

Elementary School District: Placerville Union

Junior High School District: Placerville Union

Senior High School District: El Dorado Union High

Utility Information

Natural Gas Connected,Electric

Location Information

Direction: Placerville, Corner of Coloma Street and High Street

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ByOwner last updated this listing 06/14/2024 @ 11:12

MLS: 224039888
LISTED BY: Matthew Sarro, Collier's International CA, Inc.
SOURCE: MLS Metrolist
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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