$540,000
$625,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
0.98 Acres Lot
SOLD DATE : 10/02/2023
Key Details
Sold Price $540,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41035460
Sold Date 10/02/23
HOA Y/N No
Year Built 1962
Lot Size 0.980 Acres
Acres 0.98
Property Description
4-unit investment property spread across multiple buildings offering a desirable unit mix with four 2bd/1bth units with excellent rental upside. The current CAP rate is 7.20% and the current GRM is 10.92. The property was built in 1962, offers approximately 2,800 square feet of rental spaces and sits on an extra large 43,124 square foot lot with ample room for redevelopment, ADUs etc. Maintenance is low and the property is separately metered for PG&E with a well onsite for water providing for low annual operating expenses. The exterior and interior are in good condition with no deferred maintenance resulting in a relative turn-key investment for the next owner. This is a perfect opportunity for an investor seeking high rental upside or an owner-occupant looking to occupy one unit and let the other units pay-off the mortgage.
Location
State CA
County Sutter
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Exterior
Garage Other
Parking Type Other
Total Parking Spaces 10
Building
Sewer Public Sewer
Others
Tax ID 23065031
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Bought with David Howarth • The Pinza Group, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "