- For Sale $1,650,000
- Property Type Multi-Family
- Property Size 9,920 SF
- Units 8
- Lot Size 0.15 Acre
- Cap Rate % 6
- Additional Rent Contact for pricing
- # of Floors 2
- Year Renovated 2020
- Date Updated Aug 21, 2024
Cash flowing and highly leaseable investment opportunity in a low vacancy neighborhood in the 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.
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Contacts
Location
Getting Around
-
Walk Score ®
88/100 Very Walkable
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Bike Score ®
64/100 Bikeable
- City Marysville, CA
- Zip Code 95901
- Market Sacramento
Points of Interest
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Budget Checker Cab Co.
4.00 miles
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ALS 5TH AND E SHELL
0.14 miles
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Arco
1.24 miles
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C Stop
1.62 miles
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Circle A
1.80 miles
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Arco
2.22 miles
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Shell
2.77 miles
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7-Eleven
2.78 miles
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Sam's Club
3.10 miles
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Kwik Serv
3.42 miles
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Lally Gas & Food
3.56 miles
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Bogue Road Park And Ride
3.76 miles
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Americas Best Value Inn Marysville
0.52 miles
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Rio Inn & Suites
0.89 miles
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Comfort Suites Marysville-Yuba City
1.15 miles
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Motel 6
1.16 miles
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New Home
3.31 miles
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Hard Rock Hotel & Casino Sacramento at Fire Mountain
7.49 miles
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Subway
0.12 miles
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McDonald's
0.19 miles
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Carl's Jr.
0.33 miles
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Burger King
1.19 miles
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Taco Bell
1.19 miles
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Peach Tree
1.22 miles
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El Rey Mexican
1.27 miles
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Popeyes
1.35 miles
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Domino's
1.47 miles
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Hilltop Donut Shop
1.49 miles
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Notre Dame High School
0.20 miles
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Covillaud Elementary School
0.27 miles
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Cedar Lane Elementary School
1.21 miles
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Marysville High School
1.22 miles
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Kynoch Elementary School
1.42 miles
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McKenney Intermediate School
1.48 miles
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Bridge Street Elementary School
1.56 miles
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King Avenue Elementary School
1.98 miles
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Park Avenue Elementary School
2.03 miles
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Yuba City High School
2.10 miles
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Fusion Early Learning Preschool
9.16 miles
Frequently Asked Questions
How much does 317 5th St cost?
The space currently listed for sale at 317 5th St asks for $1,650,000.
What is the total square footage of 317 5th St?
317 5th St totals 9,920 square feet.
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